Streaming Music Outsells CD’s For First Time

What, music streaming services are just beating CDs now?! In 2014, the money generated from streaming services finally outpaced compact disc shipments, according to a recent report from the Recording Industry Association of America. Revenue from streaming services such as Pandora, Spotify, and music video services like Vevo and YouTube hit $1.87 billion in 2014. CD shipments, meanwhile, were valued at $1.85 billion.

Major superstars like Taylor Swift may have little love for streaming services, and businesses like Spotify aren’t yet making a killing from subscription revenue. Nevertheless, streaming is growing fast and is on its way toward becoming the most popular way to consume music.

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