Forget CDs - streaming music now makes more money for the U.S. record industry
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.
Statista
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Having an regional accent can be bad for your interviews, especially an Indian one: study
- Dirty laundry? Major clothing companies like Zara and H&M under scrutiny for allegedly fuelling deforestation in Brazil
- 5 Best places to visit near Darjeeling
- Climate change could become main driver of biodiversity decline by mid-century: Study
- RBI initiates transition plan: Small finance banks to ascend to universal banking status