FROM
Huffpost Technology
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Music services like Spotify and Pandora have reason to celebrate. In 2014, revenue from streaming services outpaced CD sales for the first time, according to a report released Wednesday by the Recording Industry Association of America.
Streaming services accounted for $1.87 billion in revenue, while CDs represented $1.85 billion, the report said. This means that streaming accounted for 27 percent of the total industry revenue in 2014, up from 21 percent the year before.
Overall, the industry’s revenue growth was essentially flat between 2013 and 2014, as it has been for five years according to the RIAA.
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Click link below for article:
http://www.huffingtonpost.com/2015/03/19/streaming-music-revenue_n_6902238.html?ir=Technology
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