Tuesday, 20 September 2016

RIAA: revenue growth best in 20 years thanks to streaming

The music industry seems to have closed the financial transition period between downloads and streaming as the Recording Industry Association of America reports revenue growth not seen since the late 90’s. In terms of retail sales made during the first half of the year, revenue grew by an annual 8.1 percent to $3.4 billion.Streaming revenues made up $1.6 billion of the total, up 57 percent from last year. The figure includes paid subscriptions (ie

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from Pocketnow http://pocketnow.com/2016/09/20/riaa-revenue-growth-best-in-20-years-thanks-to-streaming

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