Nielsen Music’s Year-End: Streaming Is Not Killing the Record Business

Purchases aren’t the entire story. On-demand streaming rose 54 percent to 164 billion songs, according to Nielsen Music. That increase of 57.5 billion tracks is equivalent to an increase in album sales of 56.1 million units — a number that exceeds the decline in track-equivalent albums (or TEA, a combination of album and track sales) of 47.9 million units. There were actually more streaming gains in 2014. Not included in the streams tracked by Nielsen Music are non-interactive digital services like Pandora and Sirius XM. This is a big chunk of money. The growth in Pandora’s royalties to rights holders in the 12 months ended September 30th is equivalent to about 16.3 million album sales. – Glenn Peoples, Billboard
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