Streaming makes up a 3rd of the US music business's income

Streaming makes up a third of the US music industry's revenue

Streaming music barely edged out CD gross sales final yr, nevertheless it’s not even going to be an in depth struggle in 2015. The RIAA has revealed its mid-yr gross sales stats, and streaming already accounts for 32 % of the US music business’s income at simply over $1 billion. It is nonetheless not as a lot of a cash-maker as downloads, which pulled in forty % ($1.three billion), however it’s miles forward of the 24 % ($905 million) from quickly declining bodily gross sales. Briefly: in the event you demand a tough copy, you are now clearly within the minority.

The info does not break down income by supplier, however it’s essential to notice that the monitoring stops on the finish of June. At that time, Apple Music was solely simply getting began — the streaming income right here is essentially from Spotify in addition to its smaller rivals, like Google Play Music or Rdio. It is too quickly to say whether or not or not Apple’s service can be a massive deal, however it’s possible that streaming will solely turn out to be extra necessary within the second half of the yr… whether or not or not artists prefer it.

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Streaming makes up a third of the US music industry's revenue

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