Streaming Music Finally Makes More Money Than CDs

March 19, 2015 6:38 PM

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Music services like Spotify and Pandora have reason to celebrate. In 2014, revenue from streaming services outpaced CD sales for the first time, according to a report released Wednesday by the Recording Industry Association of America.

Streaming services accounted for $1.87 billion in revenue, while CDs represented $1.85 billion, the report said. This means that streaming accounted for 27 percent of the total industry revenue in 2014, up from 21 percent the year before.

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