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 …

Live Nation revenue plummets 95 percent in third quarter of 2020

by: Jessica Mao Nov 6, 2020 With the events scene approaching eight full months of limited activity, the absence of live music has been felt pervasively. Released November 5, Live Nation‘s latest earning report reflects the landscape accordingly, with the major player reporting a 95 percent drop in the third quarter of 2020 compared with …