Every time music streaming has more followers. It is true that free services such as Spotify help a lot, however, there are many who choose to pay for the service and thus have the "Premium" features that these services offer. In fact, users, both free and paid, have reached the highest levels in the history of the industry, setting a precedent definitely killing the world of digital downloads. The growth of streaming music is unstoppable and digital downloads are living their last moments of life, What streaming music service do you usually use?
In the United States of America, Recording Industry Association of America has carried out a study throughout the year 2019 whose results have been recently offered. Although it may seem little, the benefits produced by streaming music have grown 25% during the year, reaching a total of 11.100 million dollars, thus becoming one of the main sources of income in the industry, as expected. Only Apple Music and Spotify have crowded 6.800 million on the aforementioned total and they do not stop growing according to statistics, sooner or later it will become the most common way of listening to music, as soon as the multiplatform system is fully expanded.
The number of paying subscribers to these services has grown by almost 30% during 2019, until reaching a total of 60,4 million people. On the other hand, sales in physical format continue to fall, currently representing 10% of total sales. A curious detail is that vinyl is selling more than ever and already offers 500 million dollars in profits, or future or absolute past, the middle ways are disappearing completely. Music downloads have dropped to 2006 figures, booming, so they are close to becoming an extinct format (they only represent 8% of the profit in the industry).