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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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Cowboys Fringants
Cowboys Fringants
Cowboys Fringants
Chart Beat

Les Cowboys Fringants Debut ‘Merci ben!’ on the Billboard Canada AC Airplay Chart

The track from the Quebec band enters at No. 30 over a year after its release, picking up steam on the radio airwaves. Ariane Moffatt's “Jouer” also reaches a new peak, marking the second consecutive week with two charting French songs.

French-language music makes its mark on the Canadian charts this week.

Les Cowboys Fringants have made their latest Billboard debut with their song “Merci ben!” which arrives at No. 30 on the Canada AC chart for May 10. The country-folk track finds the band thanking its fans while reminiscing on its beginnings and milestones, from playing small bars to sold-out arenas. The track’s title is Quebec jargon for “Thank you very much!”

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