In first, streaming top earner for US music business

Category: Music

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Streaming has become for the first time the top money-maker for the US recorded music business, but it has struggled to offset falling CD sales and downloads, industry data showed Tuesday. Releasing its 2015 figures, the Recording Industry Association of America said that streaming grossed more than $2 billion led by rising subscriptions for services such as Spotify. Amid the emergence last year of new players such as Apple Music and Tidal, revenue from paid subscriptions to streaming services — which offer unlimited, on-demand listening — grew by more than 50 percent.