US music publishers' revenues topped $4 billion in 2020

The U.S. music publishing industry registered a 9.6% revenue increase to $4.077 billion in 2020, up from $3.72 billion in 2019, Billboard reports. In 2019 total revenue was up 12.7% from $3.3 billion in 2018. Although 2020 was the year of the lockdown, surprisingly, performance collections grew 7.92% to $2.1 billion from $1.945 billion in 2019.