This visualization implemented the U.S. recorded music revenues by format using stacked bat chart. One of the important things through visualization is that sales of LP and EP have become similar to those of the '80s. And unlike other physical formats, LP and EP sales are increasing every year since 2008.
STREAMING: Revenues from streaming music platforms grew 30% year-over-year to reach $7.4 billion, contributing 75% of total revenues for 2018, and accounting for virtually all the revenue growth for the year. The streaming category includes a wide variety of formats including premium paid subscription services, ad-supported on-demand services, and streaming radio services. Subscriptions to on-demand streaming services remained the biggest challenger of increasing revenues for the music industry, and for the first time accounted for more than half of total revenues for the year. Adoption of paid subscription services continued to grow quickly. The average number of paid subscriptions grew 42% compared with the prior year, exceeding 50 million for the first time ever.
PHYSICAL PRODUCTS: Revenues from shipments of physical products decreased to $1.15 billion, down 23% from 2017. At estimated retail value, CDs fell 34% to $698 million, the first time revenues from CDs were less than one billion dollars since 1986. Vinyl records continued to be the exception to the decline of unit-based formats. Revenues from vinyl albums in 2018 totaled $419 million, an increase of 8% versus last year, and the highest level since 1988. By value, vinyl made up more than one-third of revenues from physical formats.
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