Streaming Now Generates More Revenue For Music Industry Than Downloads, Physical Combined | hypebot

Double digit growth in streaming in 2016 meant that Spotify, Apple Music and their competitors now account for 51.4% of all U.S. music revenue. Digital downloads were 24.1% in 2016 and physical was 21.8% of total revenue.

This marks the first time since 1998 that the industry has posted back-to-back years of double-digit growth. These milestones were shared in the RIAA 2016 Year End Report published on Thursday.  

We will have a more detailed analysis on Friday, but in the meantime you can read the full 4 page report here.

Related articles

7 Reasons Why Spotify Finally Has Real Leverage Negotiating With The Major Label Groups - hypebot

Report: Spotify Could Pay Smaller Royalties To Labels, Make Big Albums Paid Exclusives

Drake just shattered his Spotify record with an Apple Music record

The best connected speakers of 2017

With Apple Music at 20M Users, Spotify Hits 50M Paying Subscriber Milestone

Spotify isn't turning a profit, but it's still keeping Apple Music at arm's length

Drake dropped a bunch of new music and we have A LOT to talk about

Spotify Will Soon Limit Some New Albums To Paid Users

[from http://ift.tt/1n4oGj7]