Music streaming now generates more revenue than digital downloads

Just as digital downloads replaced physical copies as the most-popular way to listen to music, music streaming has now replaced digital downloads. This is according to statistics published by the RIAA, which show that steaming accounted for 34.3% of music sales in 2015, with digital downloads accounting for 34% and physical copies accounting for the rest. But while premium music streaming generated about $2 billion in revenue, ad-supported music streaming, which is what the majority of people use, generated less than vinyl records did with a measly $400 million.