US recorded music revenue grew 9.2% in 2020, eclipses $12 billion – Dancing Astronaut

by: Mitchell Rose Mar 1, 2021 According to the Recording Industry Association of America’s (RIAA) year-end report, United States recorded music revenues grew 9.2% in 2020 to $12.2 billion. The largest driver of the growth was streaming services, which accounted for 83% of reported revenues. Physical music sales were the next largest income source providing …