Streaming generated $2.4 billion in U.S. music sales last year, surpassing digital downloads as the recording industry’s single biggest source of revenue and propelling the business to its first year of growth since 2011.
The listening format contributed 34.3 percent of sales, edging past digital downloads, which contributed 34 percent, according to a report by the Recording Industry Association of America released Tuesday. Overall sales climbed 0.9 percent to $7 billion.
