May 18, 2024

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Thanks to Bad Bunny, Anita and others Latin music profits grew 35% in the United States

Thanks to Bad Bunny, Anita and others Latin music profits grew 35% in the United States

Latin music is on the rise in the United States. The RIAA (Recording Industry Association of America) has released a report with data on this type of revenue in the country. The results were very positive.

Growth last year was $ 886 million, 35% higher than the previous year.. The biggest culprit for this Bad rabbit, One of the most popular names in the industry. However, a Brazilian is involved. Find out who? Yes Anita! Her name was mentioned Michele BallantyneAdministrator of the RIAA.

Photo: Revelation

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Anita is featured!

Anita The industry is buzzing with the arrival of:

“While Bad Bunny was the most streamlined artist in the world in one year, stars like Peggy G and Anita were successful after success, and audiences happily flocked to Latin theaters and arenas as live performances returned. Latin label teams continue to rise to new heights,” the executive said. Said.

Have you ever felt the power of streaming in the music industry? Then keep this data: 97% of profits were made by streaming platforms. More interestingly, listener payments also increased by 35% to $ 593 million. This greatly contributes to profit growth.

Becky G.
Becky G. Photo: Advertising

Physical media are also featured

Another surprise is about the body media. Do you think no one will buy the record anymore? This is wrong! Physical forms such as vinyl also rose 76% to $ 5.8 million. CD sales rose 44% to $ 2.0 million.

“The RIAA is proud to celebrate the cultural power and creative and commercial success of the Latin music reflected in this report – and to pay tribute to the incredibly talented artists and record label groups that have given us so much in 2021.”

And let Latin music continue to grow!

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