Overall Recording Industry Sales Grow for First Time Since 2011
The Recording Industry Association of America (RIAA) reported overall industry sales data for 2015 this week, revealing that for the first time in history streaming music was the single largest component of industry sales. Revenues from streaming sources accounted for 34.3% of total revenues, beating out music downloads from services like iTunes and others which accounted for 34% of total revenues.
Overall sales increased 0.9% to $7 billion, the first overall industry growth since 2011.
