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Latin Music Revenue Hits $1.4 Billion in Second Year as the Fastest Growing U.S. Market, Per RIAA Report
Latin music revenue in the U.S. outpaced the overall music market for a second consecutive year, hitting a new high of $1.4 billion.
Fernandez Jr. adds, “No longer limited by language, access or outdated assumptions – Latin artists are shaping our culture as fans gravitate towards the spirit of this music, propelling faster growth than all other listening and expanding our horizons further every year. At the same time, there are opportunities for more fans to subscribe to paid streaming services and Latin vinyl sales to spin up even higher, finding different ways of connecting and inspiring unforgettable moments together as artists and labels offer up new sounds and songs.” Matthew Bass, RIAA VP of research and gold and platinum operations, said: “It’s incredible to see the impact this genre is having on the overall U.S. market and the role streaming continues to play in helping fans connect as they discover new styles, artists and sounds.
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