Streaming Music Beats CDs
Overall, streaming services were responsible for US$1.87 billion in revenue, compared to CDs’ $1.85 billion. The streaming services include subscription options like Spotify and “radio” models like Pandora, as well as other platforms including 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 Recording Industry Association of America (RIAA).