Revenues from Latin music in the United States for the first half of 2017 were $115 million, up 44% versus the prior year. Latin music revenues comprised 2.9% of the total U.S. recorded music market, which totaled $4 billion in the first half of 2017. Streaming accounted for 82% of…
Revenues from Latin music in the United States grew 3% to $176 million in 2016. Streaming accounted for 74% of the Latin market, growing 19% year-over-year. This is the first growth in Latin music revenues since the market’s high point of $754 million reached in 2005.
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For the first half of 2016, strong growth in revenues from subscription streaming services more than offset declines in unit based sales of physical and digital music download products. Overall revenues at retail increased 8.1% on a year-over-year basis to $3.4 billion, the strongest industry growth since the late 1990’s.
The Music Consumer Profile serves as a resource for data about music consumers. These profiles provide data on a wide variety of music fans, including their ages, backgrounds, preferred listening method and favorite music genres.
Because of Latin music’s importance to the American recorded music industry, the RIAA now lists comprehensive shipment data from the Latin sector. These figures, which are incorporated into the overall U.S. market report, break out the amount of Latin product into the domestic marketplace.