US music revenues grew 23% in 2021
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 […]