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Streaming-Driven Recorded Music Sales Jump 8% To $17.1B In 2023, RIAA Says; Vinyl Up By Double Digits Again
Sales of recorded music in the U.S. grew for the eighth consecutive year in 2023, with streams accounting for a dominant 84% and vinyl up by double digits again
Now hear this: Sales of recorded music in the U.S. grew for the eighth consecutive year in 2023, with streams accounting for a dominant 84% and vinyl up by double digits again, the RIAA said in its full-year report released Tuesday. But fret not, old-school physical-media fans: LPS and CDs continued their remarkable comeback last year, with total revenue of $1.9 billion jumping 11% versus 2022. “For artists, songwriters and fans, this strong and sustained growth signals a time of incredible opportunity – with new formats, styles and sounds rising up across innovative platforms and emerging ways to listen.
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