U.S. Latin music revenue increased 15% to a record high of $627 million in the first half of 2023, according to the RIAA’s mid-year Latin music report released Wednesday (Sept. 27). The new milestone for the genre follows Latin music revenue hitting an all-time high last year, exceeding the $1 billion mark with 24% growth that outpaced the overall market.
According to the report, streaming continued to drive an “overwhelming” portion of the genre’s growth, accounting for 98% of revenue. Latin music’s share of overall U.S. recorded music revenue grew from 7.1% in the first half of 2022 to a new pinnacle of 7.5% in the first half
→ Continue reading at Billboard