Subscriptions Plateau In 2007; Revenues Start Declining

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Subscription-based platforms enjoyed little growth in 2007, at least according to US-based data recently published by the RIAA.

The label group pointed to a total of 1.8 million subscribers by the end of last year, up from 1.7 million in 2006.

That is a mere 0.7 percent gain, though accompanying revenues actually slipped 2.6 percent.   Specifically, the RIAA pointed to revenues of 200.9 million in 2007, down from 206.2 million during 2006.

Meanwhile, the number of companies within the space continues to shrink.  Just recently, MTV merged its Urge offering with RealNetworks’ Rhapsody.  And Yahoo Music announced that it would farm its Unlimited offering to RealNetworks in February.