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March 23, 2016 02:00 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/xrR-w_VQ2mo/music-streaming-sales-outstrip-digital-downloads-for-first-time
Music Streaming Sales Outstrip Digital Downloads For First Time
An anonymous reader writes with this news, which might worry you if you'd like your music (or videos, or books) to be safely stored on your local PC, phone, or offline storage: Music streaming has surpassed digital downloads in terms of revenue, according to a report released by the Recording Industry Association of America (RIAA). Its 'News and Notes on 2015' review shows that music streaming in the U.S. brought in 34.3% of the overall revenue for the year – generating $2.4 billion out of a total $7 billion. If the numbers are accurate, streaming beat music downloads by 0.3%. While this growth is an encouraging result for those in the industry backing streaming services like Spotify and the new Apple Music, many remain unconvinced of its value. RIAA chairman and CEO Cary Sherman noted an 'alarming' disparity between the growth in the number of ad-supported streams, and the growth in revenues generated by these.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/xrR-w_VQ2mo/music-streaming-sales-outstrip-digital-downloads-for-first-time
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