RIAA Archives

US recorded music revenues up 4% in first half of 2024

05/09/2024

US recorded music revenues up 4% in first half of 2024 generating $8.4 Bn at estimated retail value according to the RIAA. The number of paid subscriptions grew to a record high of 99 million, with revenues up 4% to $5.7 Bn and accounted for 78% of the first half total. While paid subscriptions contributed nearly two-thirds of the added value in this period, vinyl shipments accelerated faster than any other major music format at 17%. […]

The US Latin music market continued to grow in 2023

23/04/2024

The US Latin music market grew 16% over 2022, 14% above the previous peak in 2005, according to the RIAA, the American recorded music industry association. Total revenues of $1.4 Bn represented an all-time high share of overall US recorded music revenues of 7.9%, up from 7.3% in 2022. Streaming Streaming is the dominant choice of Latin music fans today, delivering more than 98% of total Latin music revenues. Overall, streaming revenue grew to $1.3 Bn, up […]

US music revenues grew for 8th consecutive year

26/03/2024

US music revenues grew for 8th consecutive year in 2023 up 8% to a record high of $17.1 Bn according to figures released by the RIAA. Streaming continued to be the biggest driver of growth with record levels of paid subscriptions, continued growth in ad-supported revenues and growing contributions from new platforms and services. Paid subscriptions continue to drive streaming growth Streaming continued to account for the great majority of recorded music revenues in 2023. Paid subscriptions, […]

US Latin music grew 15% in first half of 2023

29/09/2023

The US Latin music market grew 15% in first half of 2023 with paid subscriptions accounting for two thirds of the streaming market according to the RIAA, the US recording industry association. During this period revenues from Latin music in the US grew to $627 million and represents 7.5% of the total US music market up from 7.1% in the first half of 2022. Paid subscriptions comprised more than two-thirds of total Latin music revenues, and […]

US recorded music revenues up 9.3% in first half of 2023

20/09/2023

US recorded music revenues up 9.3% in first half of 2023 generating $8.4 Bn at estimated retail value according to the RIAA. The number of paid subscriptions grew to a record high of 96 million, with revenues up 11% to $5.5 Bn and comprising almost three quarters of the first half total. At wholesale value, revenues grew 8.3% to $5.3 Bn. Streaming Revenues from streaming services made up 84% of total recorded music revenues in the […]

The US Latin music market grew 24% in 2022

16/04/2023

The US Latin music market grew 24% in 2022, just 3% below the all-time high from 2005 according to the RIAA, the American recorded music industry association. Total revenues of $1.1 Bn represented an all-time high share of overall US recorded music revenues of 6.9%, up from 5.9% in 2021. Revenues from streaming formats were more than $1 Bn, growing 25% to $1.06 Bn, and making up 97% of Latin music revenues. Paid subscriptions were once […]

US music revenues grew for 7th consecutive year

10/03/2023

US music revenues grew for 7th consecutive year in 2022 up 6% to a record high of $15.9 Bn according to figures released by the RIAA. Streaming continued to be the biggest driver of growth with record levels of paid subscriptions, continued growth in ad-supported format revenues and growing contributions from new platforms and services. Paid subscriptions continue to drive streaming growth Streaming continued to account for a large majority of recorded music revenues in 2022. […]