Recorded music in the United States experienced substantial growth in 2024, largely due to a surge in paid subscriptions. The Recording Industry Association of America (RIAA) highlighted that the nation's retail music market reached $17.7 billion, reflecting an increase from the previous year. This expansion was primarily fueled by streaming services, which accounted for the majority of revenue, as more than 100 million subscribers opted for premium plans.

Despite the overall positive trend, some areas witnessed declines. Total album and single sales across both digital and physical formats dropped significantly, marking a shift in consumer preferences. Although total revenue climbed by 3%, this represents a slower pace compared to the previous year's 7.7% rise. Interestingly, vinyl records defied the downward trend, recording their 18th consecutive year of growth. Sales figures indicate that LPs surpassed CDs for the third consecutive year, capturing nearly three-quarters of the physical format’s revenue.

The resilience of vinyl showcases the enduring appeal of tangible music experiences. As industry leaders celebrate the achievements of innovative streaming platforms, they also recognize the charm of classic formats. This duality underscores the importance of catering to diverse audiences while fostering creativity and technological advancement. By embracing both modern and traditional methods, the U.S. music economy continues to thrive, offering fans unparalleled access to their favorite artists and sounds.