Economic downturn brought on by the pandemic couldn’t stop the U.S. music industry from its fifth consecutive year of growth as revenue increased 9.2% to $12.15 billion in 2020 from the prior year’s $11.13 billion total, according the RIAA’s year-end revenue report released Friday (Feb. 26).
Source: US Recorded Music Revenue Surpassed $12B in 2020: RIAA