The Low-Down: Streaming Now Makes Most of the US Music Industry's Revenue: "Overall last year, retail revenues from recorded music in the US grew 11.4 percent to $7.7 billion, the biggest gain since 1998, according to the RIAA. Even with such growth the industry is still licking its wounds from the last decade and a half -- sales remain about half what they were in 1999, the heyday of the CD.
Subscriptions, like the monthly fees for Apple Music or Spotify's paid tier, were the biggest money maker at $2.3 billion, and they basically doubled from a year earlier, the RIAA said." 'via Blog this'
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