The Limited Times

Now you can see non-English news...

Streaming now accounts for 83% of the US music market

2021-03-02T17:43:50.127Z


In 2020, the sector saw its revenues increase by 9% to reach more than 12 billion dollars. The double health and economic crisis will not have made the recorded music industry disillusioned in 2020. In the United States, the sector saw its revenues increase by 9.2% last year, to reach 12.2 billion dollars, according to the Recording Industry Association of America (RIAA). The sector's turnover remains, of course, still below its peak in 1999, when it reached $ 14.6 billion. But, with an


The double health and economic crisis will not have made the recorded music industry disillusioned in 2020. In the United States, the sector saw its revenues increase by 9.2% last year, to reach 12.2 billion dollars, according to the Recording Industry Association of America (RIAA).

The sector's turnover remains, of course, still below its peak in 1999, when it reached $ 14.6 billion.

But, with an extra billion dollars pocketed in 2020, he is getting closer.

Read also:

Radio France signs an agreement with Spotify on podcasts

During this fifth consecutive year of growth, the sector was especially impacted by the cancellation of tours and concerts as well as the closure of record stores during confinement.

While leisure remained concentrated only at the perimeter of the home, online music listening has exploded and served as a lifeline for the sector.

Income from music streaming, including services like Spotify or Apple Music, platforms like

This article is for subscribers only.

You have 68% left to discover.

Subscribe: 1 € the first month

Can be canceled at any time

I ENJOY IT

Already subscribed?

Log in

Source: lefigaro

All life articles on 2021-03-02

You may like

Trends 24h

Life/Entertain 2024-04-19T02:09:13.489Z
Life/Entertain 2024-04-19T19:50:44.122Z

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.