The Recording Industry Association of America released 2023 revenue metrics. The at-a-glance story shows rocketing upward revenue, but that glance does not adjust for inflation. We do. Also, how streaming dominates. Continue Reading
Earlier this week we reported the mid-year update from the Recording Industry Association of America (RIAA), which tabulates revenue for the U.S. recorded music industry. That report broke new ground with the highest dollar amount in the span of the RIAA’s public reporting period (1973-2023). But a different reality emerges when we consider relative dollar value. Click for an illustrated comparison. Continue Reading
The recorded music industry reached an all-time high in total revenue for the first half of 2023 — $8.3-billion across all reported categories. Streaming accounted for $7.0-billion, 84% of the total. On average, there were 96-million music subscriptions in H1 2023. All this and more from the Recording Industry Association of America (RIAA) in its annual mid-year report. Continue Reading
A proposed bill called the American Music Fairness Act was introduced yesterday in a public spectacle attended by Dionne Warwick and other music celebrities. The legislation is fronted by congressional reps Ted Deutch (D-FL) and Darrell Issa (R-CA). Click for details on the argument and the proposed solution. Continue Reading
Streaming has grown from 80% to 85% of all recorded music revenue in the U.S., according to the RIAA (Recording Industry Association of America) in its mid-year 2020 report. In dollars, the 85% of revenue for the six month period totals $4.8-billion. Other revenue categories have been withering on the vine for years, and now are nearing flatline. Physical sales were just 7% or revenue, and digital downloads were 6%. Click through for other details and a link to the downloadable report. Continue Reading
Latin music is seeing faster growth in the U.S. than the overall market, with streaming responsible for almost all of the genre’s domestic revenue. According to the RIAA, Latin music revenue grew 28% in 2019 to reach $554 million. Continue Reading
The RIAA released its 2019 year-end report, marking a fourth consecutive year of double-digit growth thanks to increases in subscription streaming. Streaming is now delivering nearly 80% of all recorded music revenue, holding steady at the share it delivered in the first half of the year. Continue Reading
RIAA released its annual list of leading copyright infringement offenders. The Notorious Markets List includes several familiar operations, including continued concerns about stream-ripping and illicit activities within legitimate mobile apps. Continue Reading
The RIAA has released its mid-year report on the Latin music market in the U.S., and the genre is on track for continued growth through 2019. In the first six months of the year, the sector generated retail revenue of $232 million. Continue Reading
The RIAA half-year report points to new highs for the United States’ music market, with the sector on track to break annual revenue of $10 billion. Retail revenue in the first six months of 2019 totaled $5.4 billion. Paid subscription streaming delivered $3.3 billion in revenue, up 31% from the year-ago period. Continue Reading
The RIAA has been doggedly continuing its legal fight against piracy, and has made progress in identifying the operators of stream-ripping sites. The trade group recently collaborated with Music Canada and the IFPI to force illegal file-hosting service DBR.ee offline. Continue Reading
The RIAA has released its 2018 report on the Latin music market in the United States. The genre continued to grow for another year, with revenue up 18% to $413 million. Latin music was responsible for a 4.2% share of the total U.S. market, but this style is a major success story for streaming. Continue Reading