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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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The Halluci Nation
Courtesy photo

The Halluci Nation

Concerts

The Halluci Nation Headline Tkaronto Music Festival's 2024 Lineup Of Indigenous Artists

The event, running at Toronto's TD Music Hall, Nov. 7-9, also features Blue Moon Marquee, Sebastian Gaskin and a mystery headliner.

After a successful 2023 event, Tkaronto Music Festival returns in 2024, celebrating Indigenous musical excellence with three nights of live music, November 7-9, at the TD Music Hall inside Massey Hall in Toronto.

Tkaronto Music Festival(#TKMF2024)is described as Turtle Island’s premiere music festival putting the spotlight on Indigenous talent, and the just-revealed 2024 lineup is an impressive and diverse one.

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