Music Industry News Network [11-01-2017]
RIAA Announces 2017 Mid-Year Latin Music Revenue Statistics
Revenues from Latin music in the United States for the first half of 2017 were $115 million, up 44% versus the prior year. Latin music revenues comprised 2.9% of the total U.S. recorded music market, which totaled $4 billion in the first half of 2017. Streaming accounted for 82% of total revenues for the Latin market. Revenues from ad-supported streaming sources made up a disproportionately higher percentage of total revenues, while those from unit-based sales such as digital downloads and physical product indexed lower.
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