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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