Chart - US Music Industry Revenue Share By Segment

The music industry is benefitting from music streaming services—and listeners may even be ready to pay for them.

Last year, revenues from streaming music services grew 39% to hit $1.4 billion, according to data released in March 2014 by the Recording Industry Association of America (RIAA). This growth pushed streaming’s share of total US music industry revenues—$7.0 billion—to 21%, compared with 15% in 2012. Digital music also benefitted, rising 7.7% to $4.4 billion, or 64% of the overall US music market, and streaming accounted for about 31.8% of that total. Read the rest at eMarketer.

Leave a Comment