Over the last three years, the music industry at first glance appears consistently successful. Total revenue for the industry has hovered around 7 billion dollars, with little sign of decreasing. Nevertheless, significant changes are occurring within the industry's formats. Streaming, once the least profitable of the three major formats, has now surpassed downloads as the most successful format.
Over the last three years, the music industry at first glance appears consistently successful. Total revenue for the industry has hovered around 7 billion dollars, with little sign of decreasing. Nevertheless, significant changes are occurring within the industry's formats. Streaming, once the least profitable of the three major formats, has now surpassed downloads as the most successful format.