Music Streaming Revenues Up 29% in 2014, Surpass CD Sales

March 25, 2015

This article is included in these additional categories:

Digital | Media & Entertainment

RIAA-US-Music-Indus-Revenues-2014-v-2013-Mar2015Source: Recording Industry Association of America (RIAA) [pdf]

    Notes: Digital subscription and streaming revenues grew by almost 29% last year to reach roughly $1.87 billion, surpassing sales of CDs ($1.85 billion) in the process, according to a report from the RIAA. Streaming revenues comprised 27% of all industry revenues, up from 21% a year earlier. Physical shipment revenues (of which CDs represented 82%) accounted for 32% share and digital downloads a leading 37% share. The report notes that paid streaming subscriptions grew by 26% year-over-year to reach 7.7 million.

    Separated by $2 billion in revenues as recently as 2011, streaming revenues have closed the gap with digital download revenues and are now just $0.7 billion behind ($1.9 billion and $2.6 billion, respectively).

    Overall, music industry revenues dropped by 0.5% to slightly below $7 billion.

      Related: Consumers’ Typical Music Listening Sources

      Explore More Articles.

      Marketing Charts Logo

      Stay on the cutting edge of marketing.

      Sign up for our free newsletter.

      You have Successfully Subscribed!

      Pin It on Pinterest

      Share This