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Streaming accounted for 80% of recording revenues in the U.S. in 2019

Physical formats make up less than 10% of the revenue

Streaming accounted for 80% of recording revenues in the U.S. in 2019, the Recording Industry Association of America (RIAA) reports.

In a Tweet posted by the RIAA at the end of 2019, the assocation shared a detailed breakdown of the recording revenues at the start of the decade, and comparing them to figures collected at the end of last year.

In 2010, Synch accounted for 3% of the recording revenues in the U.S. - a figure which remained the same throughout the decade. Physical sales revenue dropped a whopping 43%, from 52% in 2010 to just 9% in 2019.

When it comes to streaming, however, from platforms such as Apple Music, Spotify and Tidal, the increase in revenue was astronomical - rising from just 7% in 2010, to 80% at the end of 2019. Digital downloads saw a huge decline, dropping 29% from 2010 to 2019. 

Check out the tweet from the RIAA below. 

A report recently released by the Entertainment Retailers Association (ERA) has found that sales from music streaming last year exceeded £1 billion in the UK for the first time.

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