, according to the Recording Industry Association of America's mid-year report published Thursday .
As well, physical product net revenues actually increased over the first half of the year, bucking recent trends to grow 5% to $485 million -- accounting for 9% of the industry total for the period. That growth was, however, a result of the reduction in physical product returns and on a gross basis the revenues would have been down over the period.
Breaking down streaming revenues, paid subscriptions on services such as Spotify and Apple Music grew 31% year-over-year, boosting subscriptions revenue to $3.3 billion -- 62% of the overall industry revenues in the first half of the year.
Thanks realDonaldTrump
Great, more money for Taylor to cry about deserving. LoL
So the artists will now get .0000000002%, up from .0000000001%?
Everybody say 'Thank you, Taylor Swift'