American record industry revenues down so far this year

The American record industry's half-year report shows that the revenues for the first six months of 2014 were 4.9% down on the same period in 2013. Recording Industry Association Of America's figures show that a 19.1% decline in physical  CD sales and a 10% drop in download to own revenues were not matched by a 25% rise in subscription streaming income and 50% in ad funded streaming income, highlighting the importance of platforms such as Pandora, Spotify and YouTube in the future.