How many CDs do you own? For the first time since 2011, CDs and vinyl records are outselling digital downloads, and it’s all thanks to streaming services like Spotify and Apple Music.
Data from The Recording Industry Association of America from 2017 shows digital download revenue fell to $1.3 billion last year, while the sales of physical media only declined to $1.5 billion. In the U.S. alone, the music industry is now worth approximately $8.7 billion, with about 65 percent of that revenue coming from streaming services.
