Statistics Archives

US music revenues grew for 8th consecutive year

26/03/2024

US music revenues grew for 8th consecutive year in 2023 up 8% to a record high of $17.1 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 revenues and growing contributions from new platforms and services. Paid subscriptions continue to drive streaming growth Streaming continued to account for the great majority of recorded music revenues in 2023. Paid subscriptions, […]

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. […]

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 […]

Austrian music market grew 11% in 2021

28/02/2022

Austrian music market grew 11% in 2021 with total sales of €190.4 million according to IFPI Austria, the Association of the Austrian Music Industry. Streaming was up 26.5% to €117.4 million with 12.7 Bn songs streamed. The vinyl boom continues with turnover exceeding €10 million. The second year of the pandemic was characterized by strong growth in streaming sales, an ongoing vinyl boom and a renewed increase in music consumption. While concerts, festivals, clubs and live music […]

Spaniards streamed 62 Bn songs in 2021

21/01/2022

Spaniards streamed 62 Bn songs in 2021 an increase of 23% compared to the previous year according to Promusicae, the Spanish recorded music industry association. Streaming represented 85% of the year’s music consumption with 54% being premium subscriptions. 733 artists got their songs streamed in Spain more than 10 million times (161 more artists compared to the year before). 25 of these artists managed 100 million audio streams – 10 more than in 2020. Sales […]

Music sales in Spain grew by 12.4% in first half of 2022

Music sales in Spain increase by 22% in first half of 2021

09/10/2021

Music sales in Spain increase by 22% in first half of 2021 with physical sales recovering but not to pre-pandemic levels according to Promusicae, the Spanish record industry association. Spaniards spent almost 169.2 million euros in consuming music, both in digital and physical formats that represents a 22.3% increase compared to the same period of 2020 (138.3 million euros) – a time marked by the start of the pandemic, the preventive closure of non-essential shops […]