US recorded music trade revenues grew by 11% in 2019
Posted on: 25 février 2020, by : Stuart Dredge

It appears to be the day for new figures on the US music market. Industry body the RIAA published its year-end numbers for 2019 last night, revealing that recorded music’s retail value grew by 13% to $11.1bn last year.
Meanwhile its wholesale value – the earnings for labels – grew by 11% to $7.3bn. Within the retail figure, streaming grew by 19.9% to $8.8bn, accounting for 79.5% of all recorded music revenues.
“The streaming market alone in 2019 was larger than the entire U.S. recorded music market just 2 years ago in 2017,” noted the RIAA’s report.
The post US recorded music trade revenues grew by 11% in 2019 appeared first on Music Ally.
Source: Music ally

Related Posts

Aller à la barre d’outils