Streaming music revenue beat CDs in the US last year for the first time
Streaming music services accounted for more music industry revenue than CDs in the US last year, beating the dominant physical format for the first time. In total, streaming services were responsible for $1.87 billion in revenue, compared to CDs’ $1.85 billion. Those streaming services include subscription options like Spotify, radio models like Pandora, as well as other platforms like YouTube and Vevo. Though it was only by a slight margin this year, the trend is clear: streaming services are moving toward the top of the industry, while CDs continue to fall. The figures were released this week by the RIAA.
Source:: The Verge