Recorded Music, Wholesale Value (2012-2018)
Source: De Posson, Victoria, "Value Gap or Growth? How Digital Music Boosts Music Industry Growth," Computer and Communications Industry Association, December 2019
Topic: Copyright Infringement
Reference year: 2012-2018
Geographical area: Global
Method: Data collection
Link to original document: www.ccianet.org
The chart presents the evolution of the music industry revenue, based on the report of the Recording Industry Association of America (RIAA), an industry group of major record labels. The results show that revenues measured at wholesale value grew 12% compared to 2017, reaching to $6.6 billion in 2018. The report considers that the main drivers for the growth of record labels’ revenue are streaming music platforms.