The major record labels reaped a combined $295 million in revenue from free ad-supported streaming services in 2014, up 34 percent from the previous year, new figures show. Despite the double-digit growth, the freemium model remains the smallest slice of the nearly $2 billion streaming pie, according to a report from the Recording Industry Association of America. […] The number of US paid subscriptions rose to 7.7 million in 2014, up from 6.2 million, and still a fraction of the 115 million households in the US. – Claire Atkinson, New York Post

(Full Story: http://ift.tt/1DB9Eio)