Streaming services make up 84% of music industry’s revenue in 2022

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  • Streaming services such as Spotify and Apple Music make up 84% of the music industry’s revenue in 2022.
  • The Recording Industry Association of America (RIAA) released its annual recorded music report.
  • Paid streaming subscriptions increased 8% to $10.2 billion in 2022, surpassing the $10 billion mark for the first time.
  • There were 92 million paid subscriptions as of the end of 2022.