Forget Downloads and CD’s Streaming “IS” The music business now

Indie Music Supporter:

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.

stream

Indie Music Supporter:



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