U.S. Recorded Music Hit Record $8.7 Billion in Mid-Year Revenue, But Growth Is Just 4%: RIAA Report

The U.S recorded-music industry posted record revenue of $8.7 billion based on solid streaming and vinyl numbers, according to the RIAA’s mid-year report, but growth was just 4% — half of the 8% growth of 2023 — amid thousands of layoffs at labels, a leveling-off of the streaming boom and talk of a “transformational moment” in the […]