The US Latin music market grew 35% in 2021
News

The US Latin music market grew 35% in 2021

The US Latin music market grew 35% in 2021 continuing a 6-year trend of double-digit growth according to the RIAA, the American recorded music industry association. Although $886 million marks an all time high, 2021 revenues adjusted for inflation remain 15% below the value of Latin’s strongest year in 2005. Latin’s share of US music revenues grew to 5.9% up from 5.4% in 2020. Revenues from streaming formats grew by 36% to an all-time high […]

US Latin music market grew 37% in first half of 2021
News

US Latin music market grew 37% in first half of 2021

The US Latin music market grew 37% in first half of 2021 with streaming accounting for 96% of this market according to the RIAA, the US recording industry association. During this period revenues from Latin music in the US grew to $407 million and represents 5.8% of the total US music market. Paid music subscriptions continued to be the biggest driver of Latin music revenue growth. Revenues from paid subscriptions grew 41% to $279 million, accounting […]

US Latin music market grew 19% in 2020
News

US Latin music market grew 19% in 2020

The US Latin music market grew 19% in 2020 for a fifth consecutive year in 2020 according to the RIAA, the US recorded music industry association. Despite the COVID-19 challenges of cancelled live shows and limitations on physical retail outlets, US Latin music revenues grew 19% in 2020 to $655 million at estimated retail value – a significantly higher growth rate than for overall US music revenues. Streaming formats grew 20% to $630 million, comprising […]

US Latin music market grew 18.6% in first half of 2020
News

US Latin music market grew 18.6% in first half of 2020

The US Latin music market grew 18.6% in first half of 2020 with streaming accounting for 96% of this market according to the RIAA, the US recording industry association. During this period revenues from Latin music in the US grew to $296.1 million at retail value, the fourth consecutive year of double digit percentage growth. Latin music continued to grow its share of overall US music revenues to 5.2%. Total streaming revenues grew 20.3% to $285.2 […]

SOURCE: RIAA - US Latin Music streaming revenues
News

Streaming now accounts for 95% of US Latin music market

Streaming now accounts for 95% of US Latin music market with revenue growing 17% in the first half of 2019, according to the RIAA, the US recording industry association. Latin music revenues in the US grew 13.5% to $232 million versus the prior year, building on three consecutive years of growth at the end of 2018. Total streaming revenues grew 17% to $220 million, accounting for 95% of the Latin music market. In the first […]

US Latin Music 2018 revenues
News

Streaming makes up 93% of US Latin music revenue

Streaming makes up 93% of US Latin music revenues in 2018 according to the RIAA, the US recording industry association. Latin music’s transformation from a physical-based business to a streaming-driven one is even faster than the overall US music market’s turnaround. Revenues from streaming now comprise 93% of the total Latin market, with a paid subscription service increase of 50% fuelling most of the growth. The US Latin music business grew 18% in 2018 to […]

Cuban Salsa street band
News

US Latin music market grows 15% in first half of 2018

The Latin music market continued its remarkable transformation in the first half of 2018 with revenues growing 15% to $135 million driven by paid streaming formats, according to a recent report from the RIAA, the US recording industry association. Streaming represented a remarkable 91% of the entire market.  Latin music has become a worldwide phenomenon, driven by a diverse streaming market and Latin labels making smart investments to support their artists’ global ambitions. Similar to […]