Latin Music Revenue Up 44% – Variety


For all the streaming glory benefiting Latin music with global hits such as “Despacito,” it’s the lackluster payouts from on-demand services such as YouTube that should serve as a call to action, according to Cary Sherman, RIAA’s chairman and CEO.

Sherman’s appeal comes in the latest RIAA mid-year report, which shows that U.S. Latin Music revenues in the first half of 2017 grew by 44% ($115 million), from the previous year.

But even the power of streaming accounting for the majority of Latin music’s revenue rise at 82% doesn’t satisfy the monetary disbursements. Artists and labels, according to the RIAA report, cleared $20 million from free on-demand services such as YouTube. Latin music revenues made up 2.9% of the total U.S. recorded music market totaling $4 billion in the first half of 2017.
http://variety.com/2017/music/news/latin-music-revenue-2017-despacito-1202600425/

Author: BobbyMcintyre

Blog by "Bobby McIntyre" Pro Singer/Songwriter Promoter/Label/Producer and a Social Media Marketing pro. To book or to start a marketing plan please email me at bobbyschaub@yahoo.com

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s