Latin music revenues in the United States continue to hit an all-time high, exceeding the $1 billion mark for a second year in a row.
Peso Pluma performs at the Coachella Stage during the 2024 Coachella Valley Music and Arts Festival at Empire Polo Club on April 12, 2024 in Indio, California.music revenues in the United States continue to hit an all-time high, exceeding the $1 billion mark for a second year in a row on the wings of 16% growth that outpaced the overall market.’s year-end Latin music report for 2023, total revenue jumped from $1.1 billion in 2022 to $1.
Another big contributor to growth was ad-supported on-demand streams , underscoring how important video is to the Latin fan. Revenue from this space grew 10% to $336 million. Although physical format sales slightly increased in 2022, this time CDs dropped down 49% to $2 million while vinyl albums decreased 25% to $7 million, the latter accounting for less than 1% of Latin music revenue in the U.S.Peter Frampton Reacts to Rock Hall of Fame Induction, Reveals Who He Wants to Perform With During the Ceremony
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