Streaming subscriptions services like Spotify, Tidal Music and Apple Music have helped the industry boost consumer sales by 17 percent through the first half of 2017, according to a new report from the Recording Industry Association of America.
That year-over-year change reflects a massive shiftย from physical CD sales.ย Streaming revenue made up 62 percent of the music market during the period, with digital downloads comprising 19 percent and physical sales 16 percent. That’s a significant change from just the first half of 2015, when one-third of music revenue came from streaming. The RIAA’s streaming category includes paid services like Tidal and Apple Music and ad-supported products like YouTube and Vevo.