Facts & Research
ALL MUSIC FACTS2024 | 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.
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Source: Recording Industry Association of America
Related Research
Latin music in the U.S. has increased in popularity and value over the last eight years, outpacing overall recorded music each year across this period of strong growth. In 2023, the genre hit its highest mark yet at $1.4 billion, representing 16% growth over 2022. Adjusted for inflation, Latin music market revenues in 2023 are now 14% above the previous peak in 2005.
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