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RIAA Releases 2021 Revenue Stats

Discussion in 'Article Discussion' started by Melody Bot, Mar 10, 2022.

  1. Melody Bot

    Your friendly little forum bot. Staff Member

    This article has been imported from chorus.fm for discussion. All of the forum rules still apply.

    RIAA:

    In 2021, recorded music revenues in the United States grew 23% to $15.0 billion at estimated retail value. All major formats of music grew versus the prior year with the exception of digital downloads. Paid subscriptions continued to be the biggest growth driver, resulting in the sixth consecutive year of growth for music revenues. At wholesale value, 2021 revenues were up 22% to $9.8 billion. On a nominal basis, these revenue levels exceed the record high of $14.6 billion reported in 1999, but adjusted for inflation 2021 figures remain 37% below that value level.

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  2. popdisaster00

    Moderator Moderator

    Interesting. I know that the system is really not set up to properly compensate artists right now but I'm fascinated at how legal streaming has chipped away at piracy over the last 5-10 years.
     
    Orla and artbynickferran like this.