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The United States crosses the square of the paid paragraph for the music streaming services for the first time last year, according to a new report America’s industry association of America (Riaa). I am
Subscriber number has been by 96.8 million in 2023, with the growth of the year to approx. 3%. Riaa report said that these limited discount numbers – that have access and catalog restraints – and counting multi-use subscriptions (such as the family plans) as one.
According to the data from Digital Music NewsSpotify dominate the US market with a part of the market 36%, followed by the Apple music with 30.7%. Spotify has 55 million paid subscribers in the country, second a bloomberg report Published in January – Unlike Riaa metric, Spotify to break Bleas down Bulls-User Subscriptions.
Renue from Streaming Reprited Total Music Shout – 84% of the Million Extra Great Driver In the Income was the physical copies, which representing 11% of the total income.
The report has noticed that the leased ribbons jumped 5% per year at $ 11.7 billion, which counts for 79% of the revenues generally.
In the past few years, all services, including Spotify, Apple Music, and youtube, I informed the prices of their subscriptions. That could also be a factor that contributes to the income to the heading through paid subscription.