100-million crossed: More & more subscribers put their money on music streaming services

Music streaming services are making cash registers ring.

For the first time, paid streaming subscriptions crossed the 100-million mark in the US last year, according to the Record Industry Association of America’s (RIAA) latest annual recorded-music revenue report.

People are willing to pay and the trend is being replicated across several categories of digital products. YouTube, which is owned by Google, already has 125 million YouTube Music and YouTube Premium users globally (including trials). Apple’s services division, which includes the App Store and Apple Music, brought in an all-time record of $26.3 billion and a 14 per cent growth, the company announced during its latest quarterly report.