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Latin Music Continues to Outpace Overall Market, Logging $685 Million in Mid-Year Revenue: RIAA Report
The U.S. Latin recorded-music industry reports a third consecutive year of record-high mid-year revenues, logging $685 million in 2024.
According to the report released Tuesday morning, streaming subscriptions continue to drive U.S. Latin revenue, account for two-thirds of its record-breaking total this year. Ad-supported, on-demand streaming services (including YouTube, Vevo, the free version of Spotify and social media platforms) also grew 10% in the first half of this year compared to 2023. Some of the top-selling albums of 2024 so far are claimed by regular chart-toppers including Bad Bunny and Karol G, with an influx of música mexicana acts — Peso Pluma, Fuerza Regida, Junior H and Grupo Frontera — also joining the ranks.
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