RUMOR MILL
Wednesday, April 12, 2023
LATIN MUSIC TOPS $1B, RIAA REPORTS
Latin music generated more than $1b from streaming in the U.S. last year, the RIAA reported Wednesday (4/12), growing 24% to outpace the industry overall.
At $1.06b, streaming represented 97% of Latin-music revenue, totaling $1.1b. The genre hit an all-time high in market share at 6.9%.
Paid subscriptions of $758m represented 71% of streaming revenue. Ad-supported on-demand streams grew 24%.
RIAA SVP, State Public Policy & Industry Relations Rafael Fernandez Jr. singled out the crossover popularity of Bad Bunny, Becky G, Karol G and ROSALÍA, among others, noting that the “sustained expansion speaks to an openness to new artists, music and ways of listening.”
Read the "Year-End 2022 RIAA U.S. Latin Music Revenue Report" here.
THE MUSIC OF CLIVE COMES ALIVE AT CARNEGIE HALL
That's what friends are for. (5/1a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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JAMES KING: THE HITS INTERVIEW (PART ONE)rumor mail
