US Music Industry Revenue Share By Segment, 2013 [CHART]
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.
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