US Music Spending Hits Highest in Decade at $10 Billion USD

Continuous increases in music streaming subscriptions have pushed the US market to nearly $10 billion USD in spending for 2018, its highest amount in a decade. As reported by The Financial Times, more than 50 million Americans paid for a music-streaming service last year -- five times more than the 10 million in 2015 -- according to the Recording Industry Association of America. The RIAA's numbers state that sales jumped 12 percent to $9.8 billion USD in 2018, though the amount still represents ...