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The Financial Rise and Fall of RIAA and Major Labels
(Update 2) Revenue reports from RIAA member labels and edited notes compiled by Ccomp5950 via Techdirt. Be sure to read @billboardglenn's corrections and clarifications in the comments section.
Year: $ In Millions (revenue)
Year: $ In Millions (revenue)
- 1993: 10046.6 (price of CD players drop)
- 1994: 12068
- 1995: 12320.3
- 1996: 12533.8
- 1997: 12236.8
- 1998: 13723.4 (Napster sued into bankruptcy)
- 1999: 14651 (Work for hire controversy)
- 2000: 14404
- 2001: 13700 (iPod released in October)
- 2002: 12,614.2 (Price Fixing lawsuit hits RIAA)
- 2003: 11,854.4 (Grokster lawsuit, Mass lawsuits by RIAA )
- 2004: 12,345.0 [Revenue Digital / Physical, BMG sells to Sony)
- 2005: 12,296.9 [9%/91%]
- 2006: 11,758.2 [83.9%/16.1%]
- 2007: 10,370.0 [77%/23%]
- 2008: 8,768.4 [66%/34%] (mass lawsuits end, EMI struggles)
- 2009: 7,690.0 [59%/41%] (Layoffs hit RIAA)
