Music revenue saw big growth last year, thanks to a jump in paid streaming subscribers

Illustration by Alex Castro / The Verge

The annual year end report from the RIAA (Recording Industry Association of America) has been released, revealing that paid subscriptions to on-demand streaming services jumped a whopping 25 percent over the past year. That’s especially noteworthy considering the report also says that streaming consumption increased incrementally in comparison, from 75 percent to 79 percent over the past year.

People clearly favor listening to music via streaming, which isn’t a surprise anymore as services like Apple Music, Spotify, and Amazon Music boast hundreds of millions of subscribers combined. Getting people to convert from free subscriptions to paid subscriptions has previously been a constant thorn in services’ sides, but they’ve added more…

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via The Verge – All Posts

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