The Recording Industry Association of America (RIAA) has just released its 2015 full-year numbers which bear a mixed bag of news.
It is clear that streaming is dominating the digital world. However, while overall streaming rose from 164.5 billion streams in 2014 to 317.2 billion streams in 2015, the per-stream rate is dropping — 24% to be exact. Additionally, for the first time, streaming revenue accounted for 34.3 percent of the industry's revenue last year. Also on the plus side for streaming was paid subscription revenue which increased 52.3 percent in the year.
In the negative, we have digital sales and physical formats. Both of which feel just over 10 percent. CDs dropped about 20 million sales, while digital sales experienced a 14.9 percent decline.
The good news for indie artists looking for TV & Film placements is that synchronization royalties paid to labels jumped 7 percent in 2015, which should lead into a successful 2016. Also in the positive, is that the U.S. recorded music business brought in more money last year than the year prior.
Billboard has a fully detailed analysis on the numbers, so follow the link for the full article.