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Streaming Driving Record Industry Growth, But May Not Be Sustainable

A new report shows UK recorded music industry'revenues grew in 2013 driven by an 11.9% rise in digital revenues driven by digital album sales and streaming. Several U.S. studies have confirmed the record industry's increasing reliance on digital revenues But another analysis suggests that this impressive growth in streaming is not economically sustainable. Subscription music services like Spotify and Pandora are on track to double by 2017, according to a new study by Generator Research, but they will never turn a profit.
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