75% of music industry revenue comes from streaming

The Recording Industry Association of America released a report today that details how the music industry has grown in 2018, and while the data isn’t surprising — the world still isn’t buying records — the specific numbers are still fascinating.

Streaming makes more money for the music industry than physical CDs, digital downloads, and licensing deals combined

The new user adoption rate for streaming is currently around 1 million new subscribers for streaming services per month, which is tiny compared to the number of people who actually listen to music, but that growth rate is still bigger than every other category of recorded music business.

Read More at The Verge

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Posted byarketyp