The 2018 midyear report underscores the continuing transition from physical and digital music sales to streaming services. Total revenues from recorded music in United States grew to $4.6 billion in retail for the first half of this year over of the same period last year—a 10% increase. Streaming music revenues grew 28% year-over-year to $3.4 billion, and paid subscriptions grew 33% to $2.5 billion. Finally, advertising-supported streaming services accounted for $369 million, a growth of 21%, and “digital and customized radio services”—including streaming from Internet radio stations, over-the-air radio stations, SiriusXM, and everything else for which SoundExchange is the collecting agency.
