It took 35 years and an industry-altering digital music revolution, but for the first time since 1987, vinyl sold more units than CDs in the U.S. last year.
report said, compared to 84 million in 2021. Ad-supported streaming revenue — revenue from platforms like YouTube and the free version of Spotify — grew 6 percent to $1.8 billion. Digital download revenue meanwhile, continued to drop like it has for the past several years, down 20 percent year over year to $495 million, down 20 percent.
“2022 was an impressive year of sustained ‘growth-over-growth’ more than a decade after streaming’s explosion onto the music scene,” RIAA chairman and CEO Mitch Glazier said in a statement. “Continuing that long run, subscription streaming revenues now make up two-thirds of the market with a robust record high $13.3 billion.
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