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FYI

US Music Industry Sees Fastest Growth in More Than 20 Years

This is the first time since 1999 that US music revenues grew materially for two years in a row, while gaps in core rights continue to distort the marketplace and deprive recording artists and songwriters of the royalties they deserve.

US Music Industry Sees Fastest Growth in More Than 20 Years

By FYI Staff

The music business posted its fastest growth since Boyz II Men and Hootie & the Blowfish topped the charts 23 years ago.


US recorded music sales climbed 17 percent to $8.7 billion last year, the second straight gain in domestic revenue, the Recording Industry Association of America said Thursday.

At wholesale, revenues grew 12.6% to $5.9 billion. These increases were driven by more than 35 million paid subscriptions, a 56% growth year-over-year.

This is the first time since 1999 that US music revenues grew materially for two years in a row, while gaps in core rights continue to distort the marketplace and deprive recording artists and songwriters of the royalties they deserve.

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See the full report here and read more from RIAA Chairman & CEO Cary Sherman in his Medium commentary here.

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Lady Gaga attends The World Premiere Fan Screening Of HBO Original "Gaga Chromatica Ball" at Nya Studios on May 23, 2024 in Los Angeles, California.
David Jon/Getty Images

Lady Gaga attends The World Premiere Fan Screening Of HBO Original "Gaga Chromatica Ball" at Nya Studios on May 23, 2024 in Los Angeles, California.

Music News

Lady Gaga Shares Cryptic Teaser Ahead of New Album: ‘I’m Ready for My Interview’

The pop star's seventh studio record is set to drop in February.

It looks like Lady Gaga has something to say ahead of her highly anticipated seventh studio album — and fans are all ears.

The pop star caught the attention of her Little Monsters with a cryptic Instagram post shared Friday (Sept. 20), giving no explanation as she shared a grainy image of white streaky text over a red background. “I’m ready for my interview,” it reads.

This article was originally published by Billboard U.S.

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