It’s raining music industry stats today. First, the IFPI revealed its global sales figures for 2013, and now US industry body the RIAA has published its 2013 Music Industry Shipment and Revenue Statistics report too.
Overall, US industry revenues dipped 0.3% in 2013 to $7bn – the fourth consecutive year that it’s hovered around this mark. Within that, digital music accounted for $4.4bn of income: 64% of the overall market.
The RIAA breaks that down by format. Physical sales were down 12% in 2013 to $2.4bn, accounting for 35% of the overall market. Download sales dipped 1% to $2.8bn, taking a 40% share. And subscription / streaming rose 39% to $1.4bn, accounting for 21% of industry revenues.