The music industry was hit hard by digitalization. Sales and revenue were in free fall for a long time. Slowly but surely the new business model of paid for subscriptions and streaming is gaining traction, helping to revive revenue. 鈥淔or the first half of 2016, strong growth in revenues from subscription streaming services more than offset declines in unit based sales of physical and digital music download products鈥, according to the (RIAA).
Industry Data
Music Subscriptions Revive Revenue
Description
This chart shows the growth in subscriptions and revenue in the music subscription segment in the U.S.
