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Revenues for physical formats fell 3.1% to $4.8 billion after a strong 2023. While CD and music video revenues fell, vinyl marked its 18th consecutive year of growth, up 4.6%.
Total recorded music revenues climbed to $29.6 billion in 2024, a rise of 4.8% on the previous year, according to the International Federation of the Phonographic Industry’s (IFPI) Global Music ...
The tally jumped from $1.1 billion in 2022 to nearly $1.4 billion in 2023, and in the RIAA’s latest year-end Latin music report, total revenue was again $ ... a 17% rise over 2022).
Latin music revenues in the United States grew by 6% ... “After nearly a decade rising and rising again, Latin music keeps surging across the U.S. and is only getting started!” ...