U.S. Recorded Music Revenue Approached $16 Billion In 2022 Amid Continued Vinyl and Streaming Growth, Report Shows April 10, 2023 Martin Hummel The value of the U.S. recorded music industry grew by 6.1% during 2022 to surpass $15.87 billion, according to a year end report, as streaming subscriptions’ annual revenue cracked $10 billion for the first time and vinyl managed to outsell CDs.