The U.S recorded music industry grew an impressive 27% year over year during 2021’s opening half and generated $7.1 billion, according to a report released from the RIAA.
Electronic music business value declines due to the pandemic but a strong recovery could be on the way for late 2021 and 2022.
The electronic music business value dropped by 54% due to the pandemic but there were signs of growth in the recorded music sector.
Music in the US has made over $10 billion for the first time since 2007 and it’s nearly all thanks to streaming revenues. The RIAA (Recording Industry Association of America) have released their year-end report…