Streaming now outsells downloads – Recording Industry Ass. of America

On-demand music nudges slightly ahead of digital sales for first time

Last year, revenues from streaming music topped those of paid downloads for the first time ever.

This according to a fresh report [PDF] from the Recording Industry Ass. of America (RIAA), tracking revenues reported by US record labels.

The RIAA says that during the year, streaming music revenues accounted for just over one-third of reported revenues at 34.3 per cent. That edges out digital download revenues, which accounted for 34.0 per cent of total revenues.

RIAA 2015 music revenues

Last year's US music revenues

"Overall, the data for 2015 shows a music industry that continues to adopt digital distribution platforms for the majority of its revenues," the RIAA said.

"While overall revenue levels were only up slightly, large shifts continued to occur under the surface as streaming continued to increase its market share."

This doesn't, however, mean that streaming music is more popular than one-time purchases.

When physical media purchases (28 per cent of total revenues last year) are combined with digital downloads, they cover more than 62 per cent of all music revenues, suggesting people would still rather buy their music up front than get it through subscription streaming services.

Still, the report shows that the popularity of streaming services is still very much on the rise.

"Overall revenues in 2015 were up 0.9 per cent to $7bn at estimated retail value," the RIAA said.

"The continued growth of revenues from streaming services offset declines in sales of digital downloads and physical product."

In total, the RIAA says streaming music revenues account for $2.4bn last year. By comparison, in 2013 streaming music brought in just $1.45bn and in 2014, $1.86bn. Over that same period, digital download revenues have gone from $2.83bn in 2013 to $2.57bn in 2014 and $2.32bn last year.

The RIAA says that total subscriber numbers for streaming services has grown from just 3.4 million subscriptions in 2012 to roughly 10.8 million last year. ®

Other stories you might like

  • Google Pixel 6, 6 Pro Android 12 smartphone launch marred by shopping cart crashes

    Chocolate Factory talks up Tensor mobile SoC, Titan M2 security ... for those who can get them

    Google held a virtual event on Tuesday to introduce its latest Android phones, the Pixel 6 and 6 Pro, which are based on a Google-designed Tensor system-on-a-chip (SoC).

    "We're getting the most out of leading edge hardware and software, and AI," said Rick Osterloh, SVP of devices and services at Google. "The brains of our new Pixel lineup is Google Tensor, a mobile system on a chip that we designed specifically around our ambient computing vision and Google's work in AI."

    This latest Tensor SoC has dual Arm Cortex-X1 CPU cores running at 2.8GHz to handle application threads that need a lot of oomph, two Cortex-A76 cores at 2.25GHz for more modest workloads, and four 1.8GHz workhorse Cortex-A55 cores for lighter, less-energy-intensive tasks.

    Continue reading
  • BlackMatter ransomware gang will target agriculture for its next harvest – Uncle Sam

    What was that about hackable tractors?

    The US CISA cybersecurity agency has warned that the Darkside ransomware gang, aka BlackMatter, has been targeting American food and agriculture businesses – and urges security pros to be on the lookout for indicators of compromise.

    Well known in Western infosec circles for causing the shutdown of the US Colonial Pipeline, Darkside's apparent rebranding as BlackMatter after promising to go away for good in the wake of the pipeline hack hasn't slowed their criminal extortion down at all.

    "Ransomware attacks against critical infrastructure entities could directly affect consumer access to critical infrastructure services; therefore, CISA, the FBI, and NSA urge all organizations, including critical infrastructure organizations, to implement the recommendations listed in the Mitigations section of this joint advisory," said the agencies in an alert published on the CISA website.

    Continue reading
  • It's heeere: Node.js 17 is out – but not for production use, says dev team

    EcmaScript 6 modules will not stop growing use of Node, claims chair of Technical Steering Committee

    Node.js 17 is out, loaded with OpenSSL 3 and other new features, but it is not intended for use in production – and the promotion for Node.js 16 to an LTS release, expected soon, may be more important to most developers.

    The release cycle is based on six-monthly major versions, with only the even numbers becoming LTS (long term support) editions. The rule is that a new even-numbered release becomes LTS six months later. All releases get six months of support. This means that Node.js 17 is primarily for testing and experimentation, but also that Node.js 16 (released in April) is about to become LTS. New features in 16 included version 9.0 of the V8 JavaScript engine and prebuilt Apple silicon binaries.

    "We put together the LTS release process almost five years ago, it works quite well in that we're balancing [the fact] that some people want the latest, others prefer to have things be stable… when we go LTS," Red Hat's Michael Dawson, chair of the Node.js Technical Steering Committee, told The Register.

    Continue reading

Biting the hand that feeds IT © 1998–2021