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2023 Year-End Music Industry Revenue Report | RIAA

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[[{“value”:”Recorded music revenues in the U.S. in 2023 continued strong growth for the eighth consecutive year. Total revenues grew 8%… Read More »
The post 2023 Year-End Music Industry Revenue Report | RIAA appeared first on RIAA.”}]] 

Recorded music revenues in the U.S. in 2023 continued strong growth for the eighth consecutive year. Total revenues grew 8% to a record high $17.1 billion at estimated retail value. Streaming continued to be the biggest driver of growth with record levels of engagement in paid subscriptions, continued growth in ad-supported revenues, and growing contributions from new platforms and services. At wholesale value revenues grew 7% to a record high of $11 billion.

Download the full report here.

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ELVIS Act Becomes Law as Tennessee Leads the Nation

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[[{“value”:”Creative Community Applauds Modern Voice & Likeness Protections in AI Era. Governor Bill Lee Signs Landmark Bill During Nashville Press Conference with Multi-Platinum Country Stars Luke Bryan and Chris Janson
The post ELVIS Act Becomes Law as Tennessee Leads the Nation appeared first on RIAA.”}]] 

Creative Community Applauds Modern Voice & Likeness Protections in AI Era

Governor Bill Lee Signs Landmark Bill During Nashville Press Conference with 
Multi-Platinum Country Stars Luke Bryan and Chris Janson

Pictured (L-R): House Majority Leader William Lamberth (R-44), Luke Bryan, Governor Bill Lee, Chris Janson, RIAA CEO/Chairman Mitch Glazier & State Senate Majority Leader Jack Johnson (R-27)

NASHVILLE, TN (March 21, 2024) – Often progress takes time, but mere weeks since its January 10 introduction, the bipartisan “Ensuring Likeness Voice and Image Security (ELVIS) Act was signed into law earlier today by Tennessee Governor Bill Lee at legendary lower Broadway honky-tonk Robert’s Western World in Nashville. The ELVIS Act establishes strong protections for every person’s unique voice and likeness against unauthorized artificial intelligence (AI) deepfakes and voice clones.

“This incredible result once again shows that when the music community stands together, there’s nothing we can’t do. We applaud Tennessee’s swift and thoughtful bipartisan leadership against unconsented AI deepfakes and voice clones and look forward to additional states and the US Congress moving quickly to protect the unique humanity and individuality of all Americans,” said Recording Industry Association of America (RIAA) Chairman & CEO Mitch Glazier. 

Five-time Entertainer of the Year and American Idol judge Luke Bryan addressed the crowd saying, “what an amazing precedent to set for the state of Tennessee. The leaders of this are showing artists who are moving here following their dreams that our state protects what we work so hard for, and I personally want to thank all of our legislators and people who made this bill happen. It’s hard to wrap your head around what is going on with AI, but I know the ELVIS Act will help protect our voices.”  

Nashville Harbor Records & Entertainment/Harpeth 60 Records’ chart-topping singer/songwriter Chris Janson expressed his appreciation noting, “It’s a pleasure to be here today. If it weren’t for moving to this town and busking up and down the street begging for a gig, I would not be where I am today. It takes real leadership, and it takes a real team coming together to protect us. I came here wanting a voice, wanting to be heard and to sing in a Lower Broadway honkytonk. Do you know what that means to a kid from the Midwest or South Florida or all of these other cities around the world? It means they made it, and now we need to protect our voices from AI-generated deepfakes using our voices, our dreams. I love what I do, I’m so grateful for my job, and I’m grateful for leadership who cares. Thank you for passing the ELVIS Act today!” 

Other prominent members of the music community – many who have lent support from the beginning – were on hand to celebrate the ELVIS Act, including Natalie Grant; Bernie Herms; Matt Maher; Maggie Rose; Wendy Moten; Drew Baldridge; Harper Grace; Tennessee Entertainment Commission chair Gebre Waddell; Stax Music Academy/Stax Museum’s Pat Mitchell Worley and Isaac Daniel; Sam Phillips Recording’s Jerry Phillips; Tora Tora’s Anthony Corder and Recording Academy Memphis Chapter Trustee Ken Shepherd.

“Fittingly named after one of the world’s most iconic voices, the ELVIS Act marks a history-defining moment – protecting us all from irresponsible and unethical AI. The Human Artistry Campaign applauds this strong, bipartisan effort to stop unauthorized AI-generated deepfakes and voice clones that steal essential parts of our individuality,” said Dr. Moiya McTierHuman Artistry Campaign Senior Advisor“The life’s work and irreplaceable contributions of the creative community to our culture deserve safeguards that allow AI technology to be used responsibly without violating anyone’s rights or appropriating their art.”

State Senate Majority Leader Jack Johnson (R-27) and House Majority Leader William Lamberth (R-44) shepherded the ELVIS Act to unanimous General Assembly passage (93-0 vote in the House of Representatives and 30-0 in the Senate). Throughout the process, Country guitar-slinger Lindsay Ell, five-time Dove Awards Female Vocalist of the Year Natalie Grant, BMI Awards-winning songwriter/producer/Evanescence co-founder David Hodges, nine-time GRAMMY® Awards-nominated Contemporary Christian artist Matt Maher, singer/actor/author Chrissy Metz, hit songwriter/NSAI Board Member Jamie Moore, RIAA SVP of Public Policy Jessie Richard and legendary Christian artist Michael W. Smith spoke to the potential harms of unchecked AI deepfakes and voice clones.

From Beale Street to Broadway, to Bristol and beyond, Tennessee is known for our rich artistic heritage that tells the story of our great state. As the technology landscape evolves with artificial intelligence, I thank the General Assembly for its partnership in creating legal protection for our best-in-class artists and songwriters,” said Governor Bill Lee.

As Tennessee cements the fundamental rights all people should have to their likeness and voice, the U.S. Congress has also seen some federal progress with Senators Coons’ and Blackburn’s NO FAKES proposal and Representatives Salazar’s and Dean’s No AI FRAUD Act working towards a national response to unauthorized digital replicas and AI-generated voice clones. GRAMMY® Award-winning Country artist Lainey Wilson and Recording Academy CEO Harvey Mason jr. as well as nearly 300 actors, artists, musicians and songwriters co-signing these basic yet necessary protections. See here.

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Norah Jones’ Top 10 Album Sales No. 1 Jazz Charts ‘Visions’ Debuts

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The set leads both the overall Jazz Albums and Contemporary Jazz Albums tallies.

Norah Jones Visions bows at No. 9 on Billboard‘s Top Album Sales chart (dated March 23) and at No. 1 on both the overall Jazz Albums and Contemporary Jazz Albums rankings. It’s the eighth top 10 on the Album Sales tally for Jones, and her fourth leader on both Jazz Albums and Contemporary Jazz Albums.

Visions also enters at No. 40 on the Top Rock & & Alternative Albums chart, her first debut on the list since Dec. 2013, when Foreverly, her collaborative album with Billie Joe Armstrong, opened at No. 7 on its way to a No. 4 peak in Jan. 2014.

Visions was preceded by the radio-promoted single “Running,” which has so-far peaked at No. 7 on the Adult Alternative Airplay chart– marking her eighth top 10 and highest-charting song on the list in over a decade, since “Happy Pills” hit No. 4 in 2012.

Also in the top 10 of the new Top Album Sales chart: the latest releases from Ariana Grande, Judas Priest, xikers and Bleachers arrive.

Billboard‘s Top Album Sales chart ranks the top-selling albums of the week based only on traditional album sales. The chart’s history dates back to May 25, 1991, the first week Billboard began tabulating charts with electronically monitored piece count information from SoundScan, now Luminate. Pure album sales were the sole measurement utilized by the Billboard 200 albums chart through the list dated Dec. 6, 2014, after which that chart switched to a methodology that blends album sales with track equivalent album units and streaming equivalent album units. For all chart news, follow @billboard and @billboardcharts on both Twitter and Instagram.

In the tracking week ending March 14 (which is reflected on the March 23-dated Top Album Sales chart), Visions sold 7,000 copies in the U.S., according to Luminate. Of that sum, physical sales comprise 5,500 (3,500 on CD and 2,000 on vinyl) and digital download sales comprise 1,500. The album was available in four vinyl variants (including exclusive iterations for Barnes & & Noble, indie retailers and Spotify), a standard CD, a Target-exclusive CD (with a bonus track and a poster) and a signed CD (available in Jones’ webstore).

At No. 1 on Top Album Sales, Ariana Grande’s Eternal Sunshine starts with 77,000 copies sold– earning Grande her sixth chart-topper. The set was available in a dozen physical configurations and two digital download offerings.

Veteran rock band Judas Priest starts at No. 2 with Invincible Shield (23,000 sold), scoring the group its third top 10-charting set on Top Album Sales. (The list began in 1991, well after Judas Priest began its overall Billboard chart career in 1978 on the Billboard 200 with Stained Class) The new album’s first-week sales were bolstered by its availability across six vinyl variants, a standard CD and a Target-exclusive CD with a lenticular cover.

South Korean pop group xikers nabs its highest-charting effort on Top Album Sales, and second top 10-charting set, as House of Tricky: Trial and Error debuts at No. 3 with 12,500 copies sold (the act’s best sales week). The set’s sales were almost entirely from CDs, with a minimal number of sales from digital downloads. The album was issued in 10 collectible CD editions, all including branded paper merchandise (some randomized).

TWICE’s With YOU-th falls 1-4 in its third week on the chart, selling 10,500 copies (down 37%).

Bleachers’ new self-titled album opens at No. 5 with 9,500 copies sold. It’s the second top 10-charting effort the for the act, led by Jack Antonoff. The album was available in a standard 14-track edition on digital download, CD and cassette. It was also available on 10 vinyl editions, all boasting bonus tracks and most pressed on colored vinyl.

Rounding out the rest of the top 10 on the new Top Album Sales chart: Taylor Swift’s chart-topping 1989 (Taylor’s Version) falls 3-6 (9,000; up 2%), Swift’s former leader Lover is steady at No. 7 (8,000; up 8%), LE SSERAFIM’s Easy falls 2-8 (7,000; down 30%) and Swift’s chart-topping Folklore dips 8-10 (6,000; up 4%).

In the week ending March 14, there were 1.196 million albums sold in the U.S. (up 3.7% compared to the previous week). Of that sum, physical albums (CDs, vinyl LPs, cassettes, etc) comprised 909,000 (up 7%) and digital albums comprised 287,000 (down 5.5%).

There were 474,000 CD albums sold in the week ending March 14 (up 7.3% week-over-week) and 430,000 vinyl albums sold (up 6.7%). Year-to-date CD album sales stand at 4.792 million (down 30.8% compared to the same time frame a year ago) and year-to-date vinyl album sales total 5.031 million (down 48%).

Overall year-to-date album sales total 13.132 million (down 36.3% compared to the same year-to-date time frame a year ago). Year-to-date physical album sales stand at 9.872 million (down 40.9%) and digital album sales total 3.260 million (down 16.5%).

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