According to the RIAA, Revenues from streaming music grew 26% to $5.9 billion in the first half of 2021, accounting for 84% of total music revenues for the period and a 4% climb from 2019 levels. It is safe to say that the pendulum has fully swung in favor of digital and streaming.
The streaming industry has changed the music industry, from the quality of the music to the distribution and how we access and consume music. A few people still oppose subscription-based streaming services and the idea of streaming, but a few saw it a mile away and plugged in.
According to Dr. Rick Hendrix, the CEO of the Rick Hendrix group of companies, “The digital era and the age…