Is The Music Business Rebounding? Sales Grew 8 Percent In The First Half Of 2016

The music recording business has been in a long decline for many years now. But streaming seems to have helped turn the corner. Big surge this year, following on a strong 2015. “U.S. streaming revenue grew 57 percent to $1.6 billion in the first half of 2016 and accounted for almost half of industry sales, more than countering shrinking purchases of albums and singles. Subscriptions totaled $1.01 billion, according to the RIAA data.”