The recorded music industry in Spain saw a significant increase to $567 million in 2023 due to a 15% rise in streaming subscriptions. Over half of the US population now pays for an audio subscription, with more than 50% of US internet users subscribing to music streaming services. The number of paid music subscribers in the US reached a record 109 million in 2023, growing to 136 million when including SiriusXM and Amazon Prime Music, with seven out of every 10 US millennials paying for subscriptions. American media consumers are shifting towards dedicated streaming services, influenced by rising subscription costs and the availability of free or low-cost ad-supported services, leading to changing habits and expectations.
US paid music subscribers hit a record 109M in 2023, rising to 136M including SiriusXM and Amazon Prime Music; seven of every 10 US millennials pay to subscribe (Russ Crupnick / MusicWatch) https://t.co/yOtRK8dZCA 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/PFAZkE0lmq
Most American media consumers are now dedicated streamers, but the habits and expectations of the audience is changing in response to escalating prices for subscription services and the widespread availability of free or low-cost ad supported services. https://t.co/Q0w1XF2y50 https://t.co/YSns15DhjL
Over 50% of U.S. Internet Users Now Pay for a Music Streaming Service https://t.co/BVVXBRnsF5
Over Half Of The US Population Now Pays For An Audio Subscription https://t.co/hEzdeHNXtj https://t.co/uFjO3BHRJT
Spain’s Recorded Music Industry Surges to $567M in 2023 as Streaming Subscriptions Jump 15% https://t.co/BbDnIcMqJC