Facts & Research
ALL MUSIC FACTS2024 | Sales & Revenue
2019 RIAA Latin Music Revenue Statistics | RIAA
The U.S. Latin music business continued to grow at a faster rate than the overall market. In 2019, revenues from Latin music in the U.S. grew 28% to $554 million, compared with 13% for the overall market. Streaming once again was the primary growth driver, up 32% and comprising 95% of total Latin music revenues. Paid subscriptions accounted for more than 2/3 of the streaming revenue increase. Please see the report for full details as well as an important statement from RIAA COO Michele Ballantyne.
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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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