Pushed by a surge in revenues from streaming, the US recorded music market grew for the fourth consecutive year in 2014, with wholesale revenues up 2.0% to $4.86 billion. However, revenues at estimated retail value reached $6.97 billion, down slightly -0.5%, marking the fifth straight year of relatively flat retail revenues.

Commenting on the data, Cary Sherman, CEO of Washington, DC-based trade body the RIAA, which compiles the data, welcomed the growth of the market, in wholesale terms, although he ...