People Paid for Music in 2017: Streaming Subscriptions Rise

Excerpts from an article by Evan Minsker in PitchFork

The numbers have arrived, and as it turns out, the music industry had a good year in 2017. Paid subscription streams rose 54 percent over last year and made up 80 percent of all streams in 2017, according to a new report on U.S. music consumption by data tracker BuzzAngle Music. Audio streams reached an overall record high of 376.9 billion, which is up 50% over 2016’s numbers. It was a good year for vinyl sales, too, which were up 20% over sales in 2016. Vinyl accounted for 10% of all physical album sales (which is up from 8% last year).

Downloads, however, are down once again. The daily average of 1.67 billion streams per day dwarves the number of song downloads for the entire year (563.7 million). Only two songs had more than two million downloads total (compared to five songs that surpassed that total in 2016 and 16 songs in 2015). Overall album and song sales continued to decline, as well, by 14.6% and 23.2% respectively.

Read the full article in PitchFork
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