The surge in streaming music and video is having a major impact on entertainment companies; the Recording Industry Association of America (RIAA) reveals that streaming music overtook digital downloads in the US last year. In an interview with Billboard, RIAA chief Cary Sherman said he was “very concerned” about the rise of streaming. This may be good news for Audioboom, 7digital and InternetQ, the owner of music-streaming service Akazoo.
The surge in streaming music and video is having a major impact on entertainment companies; the Recording Industry Association of America (RIAA) reveals that streaming music overtook digital downloads in the US last year. Meanwhile, in the UK a study by the Broadcasters' Audience Research Board (BARB) shows that around a quarter of UK households now subscribe to streaming video services, such as Netflix. This may be good news for Audioboom, 7digital and InternetQ, the owner of music-streaming service Akazoo.