2020 | Sales & Revenue
2017 RIAA Shipment & Revenue Statistics | RIAA
In 2017 revenues from recorded music in the United States increased 16.5% at estimated retail value to $8.7 billion, continuing the growth from the previous year. At wholesale, revenues grew 12.6% to $5.9 billion. Similar to 2016, these increases came primarily from growth in paid music subscriptions which grew by more than 50%. This is the first time since 1999 that U.S. music revenues grew materially for two years in a row.
Download the full report below, and for additional context please see RIAA CEO Cary Sherman’s take here.
Source: Recording Industry Association of America