US Recorded Music Revenue in 2014 sees Streaming Revenue overtake CD Revenue for the first time, whilst still to catch Download Revenue, despite a decrease in downloads.
Overall Revenue (US$6.97 billion) is down 0.5% against 2013 Revenue. Revenue has effectively halved in less than 20 years. 1999 (US$14.6 billion)
Following figures in US Dollars
Album Unit Sales down 11%
Vinyl Sales almost doubled ($314.9 mill)
Streaming up 3.2% ($1.87 bill)
Paid subscriptions up 25% ($799 mill)
Ad supported freemium up 34% ($294 mill)
Streaming personal radio up 31% ($773 mill)
CD Sales down 12.7% ($1.85 bill)
Downloads down 8.5% ($2.6 bill)
Doesn't take a mathematical genius to realise that artist income is falling drastically as music users turn to streaming and subscription services in favour of purchasing
http://www.musicbusinessworldwide.com/streaming-income-overtakes-cd-sales-in-the-us/
