U.S. music revenue surges as streaming subscriptions soar

Jem Aswad for Variety:Revenues are up 18% to $5.4 billion and streaming accounts for 80% of that revenue, according to the Recording Industry Association of America’s mid-year report released today. Paid streaming services added more than 1 million new subscriptions a month, pushing the U.S. total past 60 million. The trends continue the double-digit growth the industry has seen since 2016. At wholesale value, revenues rose 16% to $3.5 billion.
Streaming revenues have soared from $1.7 bill