Story perspectives

Music Industry Thrives: 132 Million Americans Subscribe in 2024

4/2/2025

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Summary

Story summary

The music industry has seen a resurgence, with 132 million Americans subscribing to music services, a 50 million increase since 2014.
In 2024, over half of Americans aged 13-70 purchased music, including a 6% rise in vinyl sales.
Average spending on recorded music reached $112, while live music spending grew by 17% to $281.08 per person.
Global recorded music revenue is projected to grow by 8% annually through 2030, with Universal Music Group anticipating 8-10% subscription growth until 2028.
Despite progress, 14 million Americans still participate in music piracy in 2024.

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Story summary

The music industry has seen a resurgence, with 132 million Americans subscribing to music services, a 50 million increase since 2014.
In 2024, over half of Americans aged 13-70 purchased music, including a 6% rise in vinyl sales.
Average spending on recorded music reached $112, while live music spending grew by 17% to $281.08 per person.
Global recorded music revenue is projected to grow by 8% annually through 2030, with Universal Music Group anticipating 8-10% subscription growth until 2028.
Despite progress, 14 million Americans still participate in music piracy in 2024.