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The U.S. recorded music industry grew its revenue by 8% in 2023, reaching an all-time high of $17.1 billion and marking eight consecutive years of growth. However, there’s no question that the ...
The United States has remained the biggest market for recorded music in IFPI history, except in 2010 when Japan topped the list. The largest Asian music market, Japan has always stayed within the top two. The other largest music markets by region include the United Kingdom in Europe, Australia in Oceania, and Brazil in South America.
The Recording Industry Association of America (RIAA) revealed in its 2015 earnings report that streaming services were responsible for 34.3 percent of the year's U.S. recorded-music-industry revenue, growing 29 percent from the previous year and becoming the largest source of income, pulling in around $2.4 billion.
The beginning of the 2020s decade was a difficult time for the music industry, as the COVID-19 pandemic resulted in widespread concert cancellations due to risks of mass infection. However, by mid-2023, the music industry recorded its highest annual revenue of all time ($8.4 billion), propelled by increased growth of streaming subscriptions.
Latin music revenue in the United States outpaced the general music market for a second consecutive year, hitting a new high of $1.4 billion and representing 16% growth over 2022. The Recording ...
The global music industry surpassed 1 trillion streams at the fastest pace, ever, in a calendar year, Luminate’s 2024 Midyear Report has found. The number was reached 10 days faster than in 2023 ...
Warner Chappell Music has signed a global publishing agreement with songwriter John Ryan. Ryan most recently co-wrote and produced eight songs for Sabrina Carpenter’s Billboard 200-topping ...
The vinyl revival, also known as the vinyl resurgence, is the renewed interest and increased sales of vinyl records, or gramophone records, that has been taking place in the music industry. Beginning in 2007, [ 1 ][ 2 ] vinyl records experienced renewed popularity in the West [ 3 ][ 4 ][ 5 ] and in East Asia [ 6 ][ 7 ] amid steadily increasing ...