RIAA: Consumers are shelling out for subscription music
Here's a message that Spotify and Rhapsody will surely forward to the handlers of Adele, Coldplay, Tom Waits, Paul McCartney, and especially those guys in The Black Keys: Subscription music services saw revenue increase 13.5 percent last year, while the number of the sector's paying customers climbed 18 percent.
That's according to the Recording Industry Association of America, which yesterday released year-end music shipment statistics for 2011. The RIAA reported that subscription revenue went from $212 million in 2010 to $241 million last year. The number of users rose from 1.5 million to 1.8 … Read more