The RIAA have released their mid-year revenue report for the music industry. Patricia Hernandez, writing at The Verge, has a good rundown:
Turns out, streaming makes more money than physical CDs, digital downloads, and licensing deals combined.
Streaming in this context includes paid subscriptions to services such as Spotify and Tidal, but also digital radio broadcasts and video streaming services such as VEVO. It’s a broad category that nonetheless has made $3.4 billion dollars in 2018 so far, a total that amounts to 75 percent of overall revenue for the record industry.