How Streaming Companies Have Revived the Music Industry
According to the latest report by the Recording Industry Association of America (or RIAA), the music industry continued its recovery, with its revenues in the US growing 16.5% to $8.7 billion in 2017. The American music industry’s revenues have shown positive growth for two consecutive years for the first time since its peak in 1999. According to the RIAA, streaming made up 65.0% of the music industry’s total revenues in 2017.