The American music market continues its ascent, which began five years ago, at very high speed.
According to data from the Recording Industry Association of America (RIAA), the music industry raised no less than $15 billion in the United States in 2021, which is 23% more than the previous year.
You have to go back to the 1990s to see such annual growth.
The music industry, devastated by piracy in the 2000s, is continuing
"one of the most incredible comebacks in recent business history"
, underlines Mitch Glazier, CEO of the RIAA.
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The 2021 financial year even has the luxury of doing better than in 1999, the year in which the music industry reached its all-time high with an income of 14.6 billion dollars.
But the RIAA warns against this sham.
"If inflation is taken into account, last year's revenues are actually 37% lower than those of 1999
," tempers its CEO.
Another downside: if the music…
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