For the First Time Ever, Music Streaming Made More Money Than CDs Did Last Year

RIAALooks like Taylor Swift may have won the battle in record sales last year, but streaming won the war. The RIAA is reporting, for the first time in the music industry’s history, that streaming services pulled in more revenue than CD sales in 2014. Last year streaming earned $1.87 billion, while CD sales took in $1.85 billion. (The industry made $6.97 billion overall, which is slightly down from 2013.) And while the numbers are still relatively close, streaming services coming ahead of CD sales for the first time represents a growing shift in the way people consume music. According to the report, streaming rose by 29 percent in just the last year[.] – Dee Lockett, Vulture