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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