The report on music revenue in the United States has been prepared by the RIAA, or the Recording Industry Association of America. The RIAA is a group formed from the assembled representatives of recording and music publishing companies of the United States of America. The members of this group include companies that record and publish musical works which, according to the association's definition, have the capacity to create, produce, and distribute approximately 85 percent of all legal music recording and its publication in the United States.
According to this report, revenue from recorded music in the United States through retail in 2020 grew 2/9 percent, and it is estimated that with this growth its revenue will reach 2/12 billion. This is the fifth consecutive year of annual revenue growth for this industry. The main source of the increase in music revenue in the United States is paid subscription services, because the coronavirus, by canceling tours, closing retail stores, and other disruptions, has had a heavy effect on this industry. Even so, revenue through wholesale has also had 9/8 percent growth and has reached 8 billion.
Statistics and topics examined in more detail in the report:
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Machine-translated from Persian by Namafar; the Persian original is authoritative. Read the original in Persian