It's been reported by Joshua P. Friedlander, the Senior Vice President of Research and Economics for RIAA that: United States recorded music revenues grew 9.2% in 2020 to $12.2 billion at estimated retail value. This is the fifth consecutive year of growth for the industry, as paid subscription services continued to be the primary driver of revenue increases, and reached a record number of subscriptions. Covid-19 affected the industry significantly through tour cancellations, retail store closures, and other disruptions. Revenues from recorded music measured at wholesale value grew 8.9% to $8.0 billion.   

Link to article here - https://www.riaa.com/wp-content/uploads/2021/02/2020-Year-End-Music-Industry-Revenue-Report.pdf ...

...

Follow Wes:

Superpeer - https://superpeer.com/wespendleton 

Instagram - https://www.instagram.com/wespendleton   

Twitter - https://twitter.com/Wes_Pendleton   

Weekly Newsletter - https://www.getrevue.co/profile/wespendleton  

___

Follow Smythe:

Instagram - https://www.instagram.com/smytheishere