The 12 Biggest Latin Stories of the Year: Explosive Growth, Español Rules, Luis Miguel, Rauw Alejandro and More
Billboard - Dec 18th, 2024
In 2024, Latin music continued its robust growth in the global market, even without a new album from Bad Bunny. The genre's consumption and revenue increased significantly, with U.S. revenues reaching $685 million, marking a 7% rise from the previous year. Latin music's share of the overall U.S. music market hit a record 7.9%, driven primarily by streaming. Touring revenue also soared, with a 37% increase, making Latin the third highest-grossing genre in live tours, trailing only pop and rock. Spanish music has become mainstream, now the second most consumed music language globally, surpassing Korean. The Latin music scene is vibrant, with emerging talents and new sounds, particularly from regions like Mexico and Chile. Notable industry developments include the merger of AEG with CMN, enhancing global reach, and Daddy Yankee's sale of a significant portion of his music catalog to Concord. Additionally, artists like Luis Miguel and Karol G set new records with their tours, while Chilean music saw a boost in global interest thanks to viral hits. Latin music's continued expansion is fueled by a young, streaming-savvy audience and the genre's increasing global appeal.
RATING
The article provides a comprehensive overview of the growth and impact of Latin music globally in 2024, supported by data and reports from credible sources. However, it could benefit from more diverse perspectives and explicit source attribution.
RATING DETAILS
The article presents factual data and statistics primarily sourced from credible industry reports like RIAA and IFPI, supporting its claims about the growth of Latin music.
While the article highlights the success and expansion of Latin music, it does not adequately explore potential challenges or opposing viewpoints, such as market limitations or critical perspectives on the genre's growth.
The article is logically structured and uses clear language, making it easy to follow. It avoids emotive language, maintaining a neutral tone throughout, but could improve by providing more context for some industry-specific terms.
The article references authoritative sources like the RIAA, IFPI, and Billboard. However, it lacks explicit citations or links to these reports, which would strengthen the credibility further.
The article provides a good amount of data but does not disclose potential conflicts of interest or affiliations that could influence the reporting. More transparency about the authorship and editorial processes would be beneficial.