Music industry sets new record in 2021: $15B, driven by streaming
In a fulfillment of a RAIN News projection, and in what RIAA CEO Mitch Glazier calls “one of the most incredible comeback stories in modern commercial history,” the U.S. record industry in 2021 surpassed its previous record of annual revenue. The headline number is $15-billion. More than half of that is subscription streaming, and this milestone is a profound validation of that commercial model. Continue Reading