A mid-year report from the RIAA showed streaming music services have bounced back in 2021.
Within the overall streaming landscape, paid streaming subscription revenue totaled $4.6 billion — growing at the same 26% clip — and accounted for 78% of overall revenues in the first half of the year. Limited tier subscription revenue jumped to $452 million, accounting for 10% of streaming dollars, while ad-supported revenues — which took a large pandemic-related hit last year — grew 54% to $741 million. Digital and customized radio, including SoundExchange distributions, increased 3% to $585 million.
Check It Out: Revenue From Streaming Music Totaled $4.6 Billion in First Half of 2021