The Music Industry Is Growing; Here's How

According to Bloomberg, the music industry is growing at the fastest pace it's seen in over 20 years.

How? Streaming services. Pandora, Spotify, Apple Music, YouTube Red and the like now account for about two-thirds of music industry revenue. 

Meanwhile, downloads account for about 15 percent. Believe it or not, physical purchases (like buying a CD) actually account for slightly more revenue at 17 percent.

All this is good for the music industry, which has struggled in recent years as CD sales have declined and more people could get their music for free.

Jason Griffin talks new politics, big ideas, better media, and futurism. Who else does that? Get smarter by following on Facebook or Twitter