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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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50 Cent

50 Cent

Awards

50 Cent Takes A Victory Lap at Toronto's Cabana Pool Bar: Canadian Concerts of the Week

Also this week: it's festival season, with Hillside, Le Festif! and the Vancouver Folk Music Festival all happening on the same weekend.

Summer is in swing, and that means festival season. While many of the biggest ones take place in August, this weekend sees a handful of folk or adjacent events with the perfect summer vibes. Find those below, after our concert of the week featuring one of the biggest rap success stories of the last two decades.

Concert of the Week

50 Cent at Cabana Pool Bar, Toronto — Saturday, July 20

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