Streaming continues to boost US music industry growth

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NEW YORK — The US music industry posted its fourth straight year of double-digit growth in 2019 to generate $11.

1 billion in revenue, an industry tracker said Tuesday, citing the continued domination of streaming.

The RIAA said paid subscriptions to streaming services like Spotify and Tidal contributed the largest share and marked the largest source of revenue growth -- up 25 percent versus 2018. Revenues from ad-supported, on-demand streaming platforms like YouTube and Spotify's free version notably grew 20 percent versus 2018 -- but brought in just $908 million in revenue.

 

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