Streaming Made Up One-Fifth of U.S. Recorded Music Revenue in 2013

From Billboard:

Streaming music revenue in the U.S. grew 39% in 2013, generating $1.4 billion in revenue and making up more than one-fifth of the recorded music industry’s business, up from just 15% in 2012, according to figures released Tuesday by the Recording Industry Association of America.

In total, the U.S. recorded music industry posted $6.996 billion in revenue for 2013, down 0.3% from $7.016 billion in 2012, as royalty payments from music services such as Spotify and Pandora made up for declines elsewhere, according to the RIAA’s annual report.

Sales from CD’s, vinyl and other physical formats dropped 12.3% to $2.27 billion last year, while revenue from digital sources grew 7.6% last year to $4.36 billion. Last year, digital made up 64% of overall recorded music revenue.