Business
Here's How Music Industry Revenue Evolved Over Time šµ
![Here's How Music Industry Revenue Evolved Over Time šµ](/_next/image?url=https%3A%2F%2Fcdn.voronoiapp.com%2Fpublic%2Fimages%2Fvoronoi-Heres-How-Music-Industry-Revenue-Evolved-Over-Time--20240510130603.webp&w=3840&q=75)
What we're showing
This chart (coincidentally known as a stream graph) provides a historical look at music revenue, by format.
Key takeaways
ā CDs were the dominant format throughout the late '90s and 2000s, but have since been replaced by streaming services.
ā Ringtone sales had a moment in 2007, peaking at $11 billion. Interestingly, they still generated $11 million in 2022.
ā Vinyl sales grew in 2022, and surveys reveal that millennial consumers are actually propelling the sales, not Gen X or Baby Boomers as one might expect.
Dataset
Format | 2022 Revenue (millions) |
---|---|
Paid streaming | 10242 |
Ad-supported streaming | 3024 |
Ringtone | 11 |
Digital license | 383 |
MP3 | 484 |
CD | 483 |
Vinyl | 1224 |
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