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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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Triumph
Courtesy photo

Triumph

FYI

Thousands of Canadians to Join in Triumph's 'Hold On' As a Cross-Country Sing-Along to Celebrate Music Education

The 1979 hit song is this year's Music Monday selection, an annual event by the Coalition of Music Education that unites the country in performances of the same song, on the same day, at the same time.

"Hold On," one of the biggest hits of Canadian Music Hall of Famers Triumph, will gain fresh life from being chosen as the anthem for Music Monday 2025.

On May 5, 2025 Coalition for Music Education will celebrate Music Monday with a cross-country sing-along to raise awareness for music education. This annual event celebrates the unifying power of music as thousands of Canadians join in singing and performing its anthem at their schools and other community events.

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