10 Shocking facts you didn’t know about the music industry (With Pictures)

6. Revenue From Streaming Sources Outpaced Traditional CD Sales In The US For The First Time

As you may have noticed around your local neighbourhoods, retailers like HMV, Rogers and Blockbuster have largely vanished. Unable to compete with the evolving technological revolution, these retailers which made their profit through physical CDs and DVDs lost customers to online streaming sources like Spotify, Pandora and a number of others. In 2014, the digital revolution’s impact was truly felt when for the first time – revenue from streaming sources outpaced traditional CD sales in the United States.