News and Notes on 2017 Mid-Year RIAA Latin Music Revenue Statistics
Revenues from Latin music in the United States for the rst
half of 2017 were $115 million, up 44% versus the prior year. Latin music revenues comprised 2.9% of the total U.S. recorded music market, which totaled $4 billion in the rst half of 2017. Streaming accounted for 82% of total revenues for the Latin market. Revenues from ad-supported streaming sources made up
a disproportionately higher percentage of total revenues, while those from unit-based sales such as digital downloads and physical product indexed lower.
half of 2017 were $115 million, up 44% versus the prior year. Latin music revenues comprised 2.9% of the total U.S. recorded music market, which totaled $4 billion in the rst half of 2017. Streaming accounted for 82% of total revenues for the Latin market. Revenues from ad-supported streaming sources made up
a disproportionately higher percentage of total revenues, while those from unit-based sales such as digital downloads and physical product indexed lower.
Streaming music was the driver of revenue growth for the genre, with paid subscriptions comprising the largest share and growing the fastest of major revenue sources. Revenues from paid subscriptions grew 74% versus the prior year to $40 million, and comprised 35% of the total market by value. On demand ad-supported streams (a category that includes services like YouTube, Vevo, and the free version of Spotify) contributed $20 million (up 34% year-over-year) in revenue to account for 18% of total market value.
Latin music revenues from SoundExchange distributions for digital and customized radio services were only up 3% to $23 million, but when direct payments from similar services are included the growth rate for the category jumps to 52%.
Sales of both physical and digital unit-based Latin music products decreased in the first half of 2017. Digital album downloads were down 14% by value, and track downloads were down 4%. Total digital download revenues were down 6% to $10 million. Revenues from physical shipments of Latin music products were down 15% to $7 million.
Nenhum comentário :
Postar um comentário
O que você quer ver no próximo Blog? What do you want to see o next Blog?