Music Industry Continues to Transform to Digital


The RIIA reports the music industry continued its transition to digital diversifying its revenue stream. Revenues in 2015 were up 0.9% to $7.0 billion. The continued growth of revenues from streaming services offset declines in sales of digital downloads and physical product. The streaming category includes revenues from paid versions such as Spotify, TIDAL, and Apple Music, revenues that are distributed by SoundExchange like Pandora, SiriusXM, and other Internet radio, and other non-subscription on-demand streaming services such as YouTube, Vevo, and ad-supported Spotify.

All parts of the streaming music market grew in 2015, and total streaming revenues exceeded $2 billion for the first time ever. Combining all categories of streaming music (subscription, ad-supported on-demand, and SoundExchange distributions), revenues grew 29% to $2.4 billion.


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