Streaming Dominance in Music Industry: 75% Revenue

One interesting stat about music is that streaming now accounts for the majority of music consumption. According to a report from the Recording Industry Association of America (RIAA), streaming accounted for 75% of U.S. music industry revenue in 2020, with the majority of that revenue coming from paid subscription streaming services like Spotify and Apple Music. This is a significant shift from just a few years ago, when physical album sales and digital downloads were still the dominant forms of music consumption.