Labels made $1B+ from streaming last year, 45% from sources like Pandora and SiriusXM

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Issue Date: 
Apr 2 2013 - 12:40pm

From Issue:

Yesterday (in this article) we alluded to RIAA financial statements that revealed streaming revenue from sources like Pandora, Spotify, and YouTube (known as "access models") amounted to $1.0328 billion in 2012, accounting for 15% of total industry revenue.

$462 million, or about 45% of the digital total, came from non-interactive digital services operating under statutory licenses (Internet, satellite, and cable radio) via SoundExchange.

Physical retail sales (CDs/vinyl) amounted to about $2.584 billion, down 18.5% in a year. Downloads amounted to $3.02 billion.

See the RIAA revenue summary sheet here.

Comments

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Pandora will also sponsor our

Pandora will also sponsor our ever-popular RAIN Reader Cocktail Party to conclude the event.192.168.1.1

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