U.S. Music Sales Drop 5%, as Habits Shift Online

As the music industry evolves, there has been no doubt that online streaming services like Spotify, Pandora and YouTube are growing fast, and generating more revenue for artists and record companies.

The question is whether that growth is enough to offset dropping sales of CDs and downloads. The latest report on music sales indicates that, at least so far, it is not.

Read the full story: New York Times