[IN THE NEWS] Paid streaming boosts US music market with revenues up 8.1% in H1 2016

The importance of the shift in revenue sources was not lost on James Donio, the President of the Music Business Association (Music Biz), which regroups physical and online music vendors. “The accelerating momentum of streaming services in the first half of this year has helped yield the largest uptick for the US music industry in nearly two decades,” noted Donio, who highlighted “the impressive performance of competitive high-profile services such as Apple Music and TIDAL.”

Donio added, “With the buzz increasing around offerings coming from Amazon and Pandora — not to mention the holiday shopping season bringing the opportunity to gift streaming subscriptions — we are even more optimistic that the second half of 2016 will continue these positive trends.”