US music business in rare growth as streaming doubles

Category: Music

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The US music industry Tuesday posted its strongest growth in more than a decade in the first six months as streaming subscriptions doubled, but weakness reigned in other formats. Consumers in the world's biggest music market had 18.3 million subscriptions to paid services such as Spotify, Apple Music and Tidal in the first half of 2016, compared with 9.1 million in the same period a year earlier, the Recording Industry Association of America said. The revenue from paid subscriptions also more than doubled to just over $1 billion.