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US Music Streaming Revenue Grows 57% in First Half of 2016

Discussion in 'Article Discussion' started by Melody Bot, Sep 21, 2016.

  1. Melody Bot

    Your friendly little forum bot. Staff Member

    This article has been imported from chorus.fm for discussion. All of the forum rules still apply.

    Lucas Shaw, writing for Bloomberg, on a new RIAA report that shows US streaming revenue growing 57% in the first half of 2016:


    For the good news to continue, sales of paid subscriptions must outpace the declining purchases of music, whether downloaded or on a CD. Physical music sales tumbled 14 percent while downloads also shrank by a double-digit percentage. Streaming holds promise because the cost of a one-year subscription — $120 — is more than the average consumer spent on CDs, even at the peak.

    “We’re starting to see on-demand music streaming as no longer a thing that hipster college kids and young people do,’’ said Larry Miller, a former industry executive who now teaches music business at New York University.