2020 | Sales & Revenue
2020 Mid-Year Music Industry Revenue Report | RIAA
In the first half of 2020, U.S. recorded music revenues grew 5.6% to $5.7 billion at retail value, continuing the positive growth trends of recent years. Streaming music grew to 85% of the market by value, compared with 80% the prior year. At wholesale value, revenues grew 5.1% to $3.7 billion. There were differences in trends between Q1 and Q2 of 2020, as retail store closures, tour cancellations, and other impacts of Covid-19 affected the music industry in many significant ways.
Full report can be found here.