The Digital Music Association, which represents the likes of Spotify and Apple Music, predicts a new historic high point for U.S. music revenue in 2025
The report pinpoints podcasts, car dashboards, high-definition music, data dashboards, editorial content, and smart speakers as areas ripe for future growth.American music fans racked up an unprecedented one trillion streams in 2019, drawing in $28.2 million per day for the U.S. music industry. Yet that’s still not enough to take the industry back to its CD-era glory days.
“If mapping the U.S. market against other market’s paths to maturity, we should’ve seen growth slowing more quickly than it is,” Mark Mulligan, managing director of Midia, tells. “The U.S. is a late-stage streaming market and growth is slowing. Penetration is beginning to tap out. The competitive landscape is very well-defined. But there’s still this significant amount of momentum.
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