“Heading into 2016, the number of subscriptions swelled even higher”Š ”Šmore than 13 million by the end of December … The consumption of music is skyrocketing but revenues for creators have not kept pace. “In 2015, digital music subscription services reached new all-time highs, generating more than $1 billion in revenues for the first time, and averaging nearly 11 million paid subscriptions for the year,” RIAA CEO Cary Sherman says.

This news also comes as it was announced that 2015 was the first year that streaming edged out digital downloads in overall volume. The 17 million vinyl records sold in 2015 accounted for $416 million in sales, while ad-suppoted streaming on services like Spotify and YouTube only accounted for $385 million. A recent study by the RIAA found that despite vinyl sales making up only a fraction of the overall consumer market for music, they generated more revenue for artists, labels, distributors, and sellers in 2015 than all the revenue generated from ad-supported streaming combined.

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