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Forget CDs — streaming music now makes more money for the U.S. record industry

Forget CDs — streaming music now makes more money for the U.S. record industry

http://www.businessinsider.com/music-industry-revenue-by-format-type-2015-10

20151001_Music_industry_BI

“Streaming is no longer the future of the music industry. It’s the present.

According to RIAA statistics compiled here by Statista, streaming services like Spotify and Apple Music generated $1.028 billion in sales for the U.S. music industry in the first half of 2014, up 23% from last year. That’s still behind digital downloads, but that portion of the industry is shrinking — down 4% from the first half of last year, to $1.268 million.

As far as physical formats like CDs go? That segment is continuing its long plunge, with revenues dropping 17% from the first half of last year, and is now in third place behind downloads and streams.”

Stephen

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Posted on: October 13, 2015, 6:15 am Category: Uncategorized

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