05-07-2016 21:11 via financialexpress.com

As streaming booms, audio overtakes video in US

Americans have for the first time streamed more music on audio services such as Spotify than through videos, in a welcome shift for the industry, a study said today.
Streaming has been rapidly growing and offering a new source of revenue for the long-beleaguered music business, which has tried to steer fans to subscription audio sites and away from video behemoth YouTube.
Analytical firm BuzzAngle Music, in a mid-year report, reported 114 billion audio streams on sites such as Spotify, Apple
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