Streaming Music Revenue Up 57% in U.S. in First Half of 2016

Streaming music revenue in the first half of 2016 totaled $1.6 billion in the U.S., compared with about $1.02 billion for the same period a year ago, according to a new report from the Recording Industry Association of Americay (RIAA). The U.S. logged 18.3 million paid music streaming subscriptions in the first half of 2016, compared with 9.1 million in 2015 and 7.9 million in 2014, according to the RIAA. Each subscription can have multiple users, meaning the number of users could be substantially higher than those totals. Revenue is based on subscriptions and not on total users, however. – Todd R. Weiss, eWEEK http://ift.tt/2dp9bGy