It was only back at the midway point in 2015 that retail revenue blew past $3 billion once again, so it’s clear that the forward momentum isn't slowing down. Of the reported $4 billion sum, streaming services of all kinds were responsible for $2.5 billion. The fact that money is once again pouring into the music industry is certainly welcome by all involved, as for a long time, the business was suffering from rampant piracy. The segment of streaming music that has grown the most in the U.S. so far this year is paid subscriptions, which is the focus for most streaming companies, and which is surely music to the ears of those running major labels. There are now 30 million people in America subscribing to a streaming music site, a new high.

Source: Forbes September 21, 2017 15:45 UTC