RIAA Archives

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. […]

US Latin music grew 23% in first half of 2022

09/10/2022

The US Latin music market grew 23% in first half of 2022 with streaming accounting for 97% of this market according to the RIAA, the US recording industry association. During this period revenues from Latin music in the US grew to $510 million and represents 6.6% of the total US music market. Paid music subscriptions made up the majority of Latin revenues, growing 25% to $350 million and accounting for 71% of streaming revenues (69% of […]

US recorded music revenues up 9% in first half of 2022

23/09/2022

US recorded music revenues up 9% in first half of 2022 generating $7.7 Bn at estimated retail value according to the RIAA, building on the strong growth experienced the prior year. The number of paid subscriptions grew to a record high of 90 million, with revenues up 10% to $5.0 Bn and comprising almost two-thirds of the first half total. At wholesale value, revenues grew 8% to $4.9 Bn. Streaming Revenues from streaming music grew […]

The US Latin music market grew 35% in 2021

14/04/2022

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 […]

SOURCE: RIAA - US music industry streaming revenues

US music revenues grew 23% in 2021

10/03/2022

US music revenues grew 23% in 2021 to $15 Bn making it the sixth consecutive year of growth for the industry according to figures released by the RIAA. All major formats of music grew versus the prior year with the exception of digital downloads. Paid subscriptions continued to be the biggest growth driver. At wholesale value 2021 revenues were up 22% to $9.8 Bn. On a nominal basis, these revenue levels exceed the record high […]

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

18/10/2021

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 […]

Paid subscriptions drive US streaming growth

14/09/2021

Paid subscriptions drive US streaming growth, up 27% in the first half of 2021 versus the prior year, from $5.6 to $7.1 billion at retail value. Figures released by the RIAA show that paid subscriptions continued to be the strongest contributor to growth, comprising nearly two-thirds of total revenue, and more than 80 million paid subscriptions for the first time. At wholesale value revenues rose 25%, from $3.7 billion in 1H 2020 to $4.6 billion […]