Music Industry Archives

Music powers the American economy

10/02/2021

Music powers the American economy according to a new report by economists Robert Stoner and Jéssica Dutra of Economists, Inc. Sponsored by the RIAA the report provides the latest look at the music industry’s contribution to the US economy. The report evaluates pre-pandemic data and documents music’s ability to drive job creation and economic growth, especially as the country’s pandemic recovery efforts gets underway. According to the report, the music industry contributes $170 billion to […]

SOURCE: RIAA - US Latin Music streaming revenues

Streaming now accounts for 95% of US Latin music market

25/09/2019

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 […]