RIAA Archives

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 […]

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 […]

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 […]