Paid streaming music drives retail revenues from recorded music
<p>Estimated retail revenues from recorded music in the U.S. grew 11.4% in 2016 to $7.7 billion in 2016, according to a report from the <a target="_blank" href="http://www.riaa.com" rel="noopener noreferrer">Recording Industry Association of America (RIAA</a>). The primary driver of that growth was a doubling of paid streaming music subscriptions such as Apple Music, which helped the American music business experience its biggest gain since 1998. </p>