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Streaming Passes $1bn Mark In First Half Of The Year For First Time

Revenues from streaming songs on the Internet has passed $1bn for the first time, new RIAA figures have shown. Digital downloads of songs continued to fall out of favour in the first half of the year, while free and paid music-streaming revenue kept growing, even without much of a bump from the launch of Apple Music. Revenue from paid subscriptions to services like Spotify and Rhapsody grew 25pc to $478m, while revenue from free services like Pandora grew 22pc to $550m. 

Read the whole story at The Telegraph »

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