US music revenues grew 9.2% in 2020
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 […]