RIAA report shows music industry continue to rebound thanks to streaming services like Apple Music | 9to5Mac
Streaming music services such as Apple Music continue to contribute to the rebirth of the music industry. The Recording Industry Association of America this week has released its mid-year update for 2017, showing continued growth thanks in large part to streaming services Through the first half of this year, retail music revenue is up 17 percent to $4 billion compared to last year, while wholesale revenue is up 15 percent to $2.7 billion. Wheres that money coming from?Streaming music now accounts for 62 percent of music industry revenues, while digital downloads account for 19 percent and physical sales at 16 percent. This compares to 33 percent streaming, 41 percent digital downloads, and 16 percent physical sales during the first half of 2015.
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