February 25, 2020 |CEO's Corner
RIAA Releases 2019 Year-End Music Industry Revenue Report
Continued strong growth to more than 60 million paid subscriptions drove the U.S. music industry to its fourth consecutive year of double digit growth. Total 2019 revenues of $11.1 billion were up 13% versus $9.8 billion the prior year. Streaming made up nearly 80% of total revenues as the music industry has transformed to a digital-first business.
More on the 2019 numbers from RIAA Chairman & CEO Mitch Glazier here.