US music subscriptions cross 100 million as digital downloads drop

is a weekend editor who covers the latest in tech and entertainment. He has written news, reviews, and more as a tech journalist since 2020. Business is still booming for music streaming services, which crossed the 100 million US subscriber mark in 2024, according to the Record Industry Association of America’s (RIAA) latest revenue report. Overall sales were also bolstered by physical media, which is growing at a slightly faster rate than digital, thanks in large part to continually increasing vinyl sales. “Paid subscriptions, ad-supported services, digital and customized radio, social media platforms, digital fitness apps and others grew 4% to a record high $14.9 billion in revenue,” writes the RIAA. That’s about half a billion dollars more than the previous year’s take. Screenshot: RIAA revenue report A lot of the growth in streaming services comes from Spotify, which recently announced it had finally turned a profit for a full year in 2024. That year, the company continued to i ... Read full article.