Streaming hits new milestone, accounts for nearly 80 percent of US music revenue in 2019

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Oddly enough, revenue from vinyl was up a whopping 19% in 2019, too. The Recording Industry Association of America (RIAA) has released a report examining music sales trends for the full 2019 calendar year. The report, as noted by Variety , shows that U.S. revenues of recorded music grew by 13% to $11.1 billion last year. The driver of that growth? Streaming music services. Read Full Story

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Time to book the Rihanna suite? Universal Music Group announces a new luxury hotel chain called UMUSIC Hotels

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The first three locations for the music-focused hotel partnership with Dakia Global are Atlanta, Orlando, and Biloxi, Mississippi. Universal Music Group and investment holding company Dakia Global Enterprise made a rather brief announcement in August of a partnership to develop what they called “a new music-focused experiential hospitality category.” They promised more details at a later date. Read Full Story

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