Music Industry Intellectual Property
market. These include new entrants to this spot, like Amazon. According to the Recording Industry Association of America - RIAA (2017), in the year 2016, there was an 11.4% growth in U.S. recorded music revenues. Essentially, “the primary driver of that growth was a doubling of paid streaming music subscriptions which helped the American music business experience its biggest gain since 1998” (RIAA, 2017). It would, therefore, be fair to say that the U.S. market experienced maturation of streaming last year. As RIAA figures show, the retail sector experienced more growth than the whole sale sector in the years 2014, 2015, 2016 (RIAA… Continue Reading...
