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Facts & Research

ALL MUSIC FACTS

2021 |Sales & Revenue

2020 Year-End Music Industry Revenue Report | RIAA

United States recorded music revenues grew 9.2% in 2020 to $12.2 billion at estimated retail value. This is the fifth consecutive year of growth for the industry, as paid subscription services continued to be the primary driver of revenue increases, and reached a record number of subscriptions. Streaming music’s share of total revenues grew to 83%. Covid-19 affected the industry significantly through tour cancellations, retail store closures, and other disruptions. Revenues from recorded music measured at wholesale value grew 8.9% to $8.0 billion.

More on the 2020 numbers from RIAA Chairman & CEO Mitch Glazier here.

DOWNLOAD THE FULL REPORT HERE.