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RIAA Revenue Statistics Year-End 2020

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boscy
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Joined: April 2017
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RIAA Revenue Statistics Year-End 2020 Mar 4, 2021 10:53:22 GMT -5

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Post by boscy on Mar 4, 2021 10:53:22 GMT -5

February 26, 2021

RIAA Revenue Statistics Year-End 2020

by Joshua P. Friedlander | Senior Vice President, Research and Economics, RIAA

United States recorded music revenues grew 9.2% in 2020 to $12.2 billion at estimated retail value. This is the fifth consecutive year of growth for the industry, as paid subscription services continued to be the primary driver of revenue increases, and reached a record number of subscriptions. Streaming music’s share of total revenues grew to 83%. Covid-19 affected the industry significantly through tour cancellations, retail store closures, and other disruptions. Revenues from recorded music measured at wholesale value grew 8.9% to $8.0 billion.

www.riaa.com/riaa-releases-2020-year-end-music-industry-revenue-report/

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