advertisement
FYI

US Music Industry Sees Fastest Growth in More Than 20 Years

This is the first time since 1999 that US music revenues grew materially for two years in a row, while gaps in core rights continue to distort the marketplace and deprive recording artists and songwriters of the royalties they deserve.

US Music Industry Sees Fastest Growth in More Than 20 Years

By FYI Staff

The music business posted its fastest growth since Boyz II Men and Hootie & the Blowfish topped the charts 23 years ago.


US recorded music sales climbed 17 percent to $8.7 billion last year, the second straight gain in domestic revenue, the Recording Industry Association of America said Thursday.

At wholesale, revenues grew 12.6% to $5.9 billion. These increases were driven by more than 35 million paid subscriptions, a 56% growth year-over-year.

This is the first time since 1999 that US music revenues grew materially for two years in a row, while gaps in core rights continue to distort the marketplace and deprive recording artists and songwriters of the royalties they deserve.

advertisement

See the full report here and read more from RIAA Chairman & CEO Cary Sherman in his Medium commentary here.

advertisement
Jade Eagleson
Facebook

Jade Eagleson

Awards

Jade Eagleson, The Reklaws Lead CMAOntario Nominations in 2024

The Country Music Association of Ontario has announced the nominations for its 12th annual CMAOntario Awards, with Jade Eagleson racking up five nominations. The awards will be presented on June 2 at the Living Arts Centre in Mississauga.

Jade Eagleson is poised to win big at the CMAOntario Awards, presented by the Country Music Association of Ontario.

The "Rodeo Queen" singer picked up five awards nominations today, including Single of the Year, Album/EP of the Year, and Male Artist of the Year — the most nominations of any artist. Eagleson is followed by sibling duo The Reklaws, rising artists Josh Ross and Karli June, and mainstay Meghan Patrick, who all have four nominations each.

keep readingShow less
advertisement