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2024 Mid-Year Music Industry Revenue Report

August 29, 2024 | Press Statements

Recorded music revenues grew by 4% to $8.7 billion in estimated retail value and streaming subscriptions were up 3% to 99 million over the first half of 2024 – both record highs as streaming continues to post strong growth entering its third decade in the US.

LIFE AT BEST album Platinum, “Crazy Girl” 5x Platinum & “Even if It Breaks Your Heart” 3x Platinum

As we hit the mid-year mark, only 1 album and 8 singles released in 2024 have earned coveted RIAA Gold & Platinum certified status, plus check out the Top Premios de Oro y Platino album & singles!

Copyright Infringement Cases Against AI Music Services Seek to Stop Unlicensed Use of Copyrighted Sound Recordings to “Train” Generative AI Models

RIAA Presents Certifications to Eddie Montgomery for “Hell Yeah,” “My Town” & “Something To Be Proud Of”

Federal Guardrails Against Deceptive AI-Generated Deepfakes and Voice Clones Gains Momentum in Key Senate Subcommittee

“The 2024 Special 301 Report provides a vital snapshot of the environment for music creators globally as well as a critical blueprint for US engagement with countries around the world to support them,” commented RIAA Chairman & CEO Mitch Glazier. 

Latin music in the U.S. has increased in popularity and value over the last eight years, outpacing overall recorded music each year across this period of strong growth.

This past weekend, prior to taking the stage at a jam-packed Bridgestone Arena, 2x GRAMMY Award winner and multi-platinum selling artist Lauren Daigle was presented with plaques honoring recent RIAA Certifications.
Recorded music revenues in the U.S. in 2023 continued strong growth for the eighth consecutive year. Total revenues grew 8% to a record high $17.1 billion at estimated retail value. Streaming continued to be the biggest driver of growth with record levels of engagement in paid subscriptions, continued growth in…