The Summer That Streaming Took Over

Streaming, once a niche music format, hit its cultural tipping point this summer.

The move by consumers away from owning music to renting it from services like Spotify and Apple Music has caught fire. Streaming is now the U.S. recorded-music industry’s biggest revenue source, surpassing downloads and CDs at the end of 2015, according to the Recording Industry Association of America. As of June 30, 36% of music sales reported to Nielsen are from streaming, up from 20% last year and far bigger than the 26% from physical albums and 20% from digital downloads.

Source: WSJ

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