RIAA Archives

US Latin music market grew 19% in 2020

09/04/2021

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 […]

SOURCE: RIAA - US music industry streaming revenues

US music revenues grew 9.2% in 2020

27/02/2021

US music revenues grew 9.2% in 2020 to $12.2 Bn making it the fifth consecutive year of growth for the industry despite the pandemic according to the RIAA. Paid subscription services continued to be the primary driver of revenue increases, and reached a record number of subscriptions. Streaming music’s share of total revenues grew to 83%. Covid-19 affected the industry significantly through tour cancellations, retail store closures, and other disruptions. Revenues from recorded music measured […]

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 […]

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

10/10/2020

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 streaming revenues H1 2020

Streaming grows to 85% of music revenue in US

10/09/2020

Streaming grows to 85% of music revenue in US growing 5.6% to $5.7 Bn in the first half of 2020 according to the RIAA’s 2020 Mid-Year Music Industry Revenue Report. Streaming music grew to 85% of the market by value, compared with 80% the prior year. There were differences in trends between Q1 and Q2 of 2020, as retail store closures, tour cancellations, and other impacts of COVID-19 affected the music industry in many significant […]

SOURCE: RIAA - US Latn Music Revenues (Retail)

Latin music in US grows at twice the rate of overall market

02/05/2020

Latin music in US grows at twice the rate of overall market in 2019 according to figures released by the RIAA, the US recording industry association. Revenues from Latin music in the US grew 28% to $554 million, compared with 13% for the overall market. Streaming was the primary growth driver, up 32% and comprising 95% of total Latin music revenues. Paid subscriptions accounted for more than two thirds of the streaming revenue increase. Latin […]

Streaming now accounts for 80% of music revenue in US

27/02/2020

Streaming now accounts for 80% of music revenue in US growing 19.9% to $8.8 Bn in 2019 according to the RIAA’s 2019 year end report. Revenues from recorded music in the US grew 13% in 2019 from $9.8 billion to $11.1 billion representing the fourth year in a row of double digit growth. Growth was fuelled by paid subscription services which reached more than 60 million. Paid subscriptions to on-demand streaming services contributed by far […]