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MUSIC INDUSTRY EXPECTED TO GENERATE $10 BILLION IN 2019

Haus Radio | September 11, 2019

The U.S. music industry is expected to generate $10 billion this year.

Taken from the same report that found that vinyl sales are to take over CD sales for the first time since 1986, it’s been revealed that first-half recording revenues of the year grew 18% to $5.4 billion.

The findings were shared by the Record Industry Association of America (RIAA), who also found that, in total, stream revenues have also increased 26% to $4.3 billion during the same period.

Spotify, Google, Amazon and Pandora have recently launched an appeal to overturn an increase in songwriter royalties.

Written by Haus Radio

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