US paid music subscribers cross 100 million mark for the first time

The U.S. crossed the 100 million paid subscriber mark for music streaming services for the first time ever last year, as per a new report by the Record Industry Association of America (RIAA). The subscriber number was up from 96.8 million in 2023, with year-on-year growth of roughly 3%. RIAA’s report said that these numbers discount limited tier services — which have device access restrictions and catalog availability limits — and count multi-user subscriptions (such as family plans) as one. Image Credits: RIAA According to data from Digital Music News, Spotify dominates the U.S. market with a 36% market share, followed by Apple Music with 30.7%. Spotify has 55 million paid subscribers in the country, according to a report from Bloomberg published in January — unlike the RIAA metrics, Spotify likely breaks down multi-user subscriptions. Revenue from streaming represented a massive chunk of total music revenue — 84% in 2024. The $14.9 billion revenue from streaming came from paid su ... Read full article.