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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.

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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

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Source: lefigaro

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