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
The RIAA is filing an appeal in a court case against the Russian operator of two stream-ripping websites. Judge Claude M. Hilton of the Eastern District of Virginia determined that he lacked jurisdiction to take on the case against Tofig Kurbanov in a January ruling. Continue Reading
The RIAA has released its 2018 report, and the analysis includes several new firsts and milestones for the music industry. The year saw several important records logged in streaming music, which continued to be a top growth driver for music in the United States. Continue Reading
The RIAA has elected a new board of directors that will serve their posts until 2022. Many labels are represented on the board, which is the latest development in a continuing shift to the trade organization’s leadership. Mitch Glazier was officially instated as the RIAA’s chairman and CEO, and Michele Ballantyne was named as its COO in January. Continue Reading
The RIAA announced two big changes to its executive leadership. Mitch Glazier is now the chairman and CEO of the trade group, and Michele Ballantyne assumes the post of COO. Continue Reading
The RIAA has released its half-year report on the Latin music market in the U.S., and the analysis echoes the same trends as the group’s H1 assessment of the overall music industry. Revenue from Latin music grew 15% on-year to $135 million. Continue Reading
Yesterday, the RIAA mid-year report arrived with a few big bullet points, including a 75% share of the U.S. music industry revenue for streaming. Today, we offer a more granular look at where that growth occurred, and where the sector continues to struggle. Continue Reading
The RIAA has released its mid-year report on the U.S. music industry, and the report continues to trace a stratospheric rise for the streaming economy. Tomorrow RAIN News will publish our detailed analysis of the report, but here are the top-line takeaways. Continue Reading
The RIAA found that in 2017, U.S. revenue from Latin music increased 37% to $243 million. The genre holds a 2.8% share by value of the American music market. Streaming revenue grew 54% to $204 million, a record-high that secured an 84% share of the genre’s total results. Continue Reading
Streaming grabbed control of nearly two-thirds of music industry revenue in 2017. It’s another year of impressive financial results that proves the digital shift in listening still has not hit its peak. The annual report from the RIAA found that subscription streaming income helped drive the industry to another year of growth. It was the first time since 1999 that the sector saw two consecutive years of material growth. Continue Reading