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