Streaming Made up 83% of Music Industry's Revenue in 2020

A new annual year-end report by America's Recording Industry Association shows overall recorded music revenue increased by roughly 9.2 percent in 2020 -- $12.2 billion USD. Much of this was due to the growth of music streaming ($10.1 billion USD), fueled by the COVID-19 pandemic.==This revenue growth is a relatively significant increase compared to 2019's reported $8.9 billion USD. Both Spotify and Apple Music were the two msot dominating streaming platforms, raising approximately $7 billion USD...