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