Music Industry Revenues Dip in H1; Streaming Music Services Rival Physical Sales

September 29, 2014

This article is included in these additional categories:

Digital | Media & Entertainment

RIAA-Music-Indus-Revenue-Breakdown-in-H1-Sept2014Source: Recording Industry Association of America (RIAA) [pdf]

    Notes: Music streaming service revenues grew by 28% year-over-year and comprised 27% of total industry revenues during the first half of 2014, up from 20% share in H1 2013. As such, streaming revenues are now almost on par with total sales in physical formats (primarily CDs and vinyl), which represented 28% share of total revenues and were down 14% year-over-year. Despite the strong growth in streaming revenue, industry sales dipped (2.5% at wholesale value; 4.9% at retail value).

      Related: Gen Z Turns to Newer Platforms for Music Discovery

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