Music Streaming Revenues Up 29% in 2014, Surpass CD Sales

March 25, 2015

This article is included in these additional categories:

Digital | Media & Entertainment

RIAA-US-Music-Indus-Revenues-2014-v-2013-Mar2015Source: Recording Industry Association of America (RIAA) [pdf]

    Notes: Digital subscription and streaming revenues grew by almost 29% last year to reach roughly $1.87 billion, surpassing sales of CDs ($1.85 billion) in the process, according to a report from the RIAA. Streaming revenues comprised 27% of all industry revenues, up from 21% a year earlier. Physical shipment revenues (of which CDs represented 82%) accounted for 32% share and digital downloads a leading 37% share. The report notes that paid streaming subscriptions grew by 26% year-over-year to reach 7.7 million.

    Separated by $2 billion in revenues as recently as 2011, streaming revenues have closed the gap with digital download revenues and are now just $0.7 billion behind ($1.9 billion and $2.6 billion, respectively).

    Overall, music industry revenues dropped by 0.5% to slightly below $7 billion.

      Related: Consumers’ Typical Music Listening Sources

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