US Record Industry Could Hit $10 Billion Mark For First Time In 12 Years

September 6, 2019      courtesy AllAccess.com

.

  • RIAAlogo.jpgGood News

    The RIAA has just released data that found that the U.S. record industry generated $5.39 billion from streaming subscriptions, as well as physical and digital music in the first six months of this year — up 18% from the first half of 2018, MUSIC BUSINESS WORLDWIDE reports.

    Broken down, that means the labels are raking in $30 million in retail every day, over $200 million a week.

    If the second half of 2018 equals the first half, this will be the first time the industry will hit the $10 billion in revenue for the first time since 2007.

     

    https://www.allaccess.com/assets/img/editorial/ckeditor-upload/34795-Image13.jpg
Published on September 6, 2019 at 8:29 am by Turn Table3

Comments

There are currently no comments on this article.

Be the first to comment - leave one below.

Leave a Reply

Text Groove for Radio