https://techcrunch.com/2019/04/02/streaming-accounted-for-nearly-half-of-music-revenues-worldwide-in-2018/

The scales are about to tip in favor of streaming music becoming the number one driver of global recorded music revenues – a shift that appears to be on track for sometime this year. According to a new industry report, global recorded music revenues jumped 9.7 percent in 2018 to reach $19.1 billion – up from $17.4 billion in 2017. Streaming music revenues, in particular, now account for nearly half (47%) of global revenue, thanks to a sizable 32.9 percent jump in paid streaming last year. This brought streaming revenues to $8.9 million in 2018, and puts them on track for a further jump in 2019.

This is the fourth consecutive year of growth for the global music market, and the highest rate of growth since IFPI – the music industry trade group behind the new report – first started tracking the market in 1997.