CHART OF THE DAY: Music Streaming Keeps Growing, But Vinyl Isn't Going Anywhere

People are streaming much more music than they’re downloading these days, and according to Nielsen’s mid-year music report charted for us by Statista, music streaming services are sapping the energy from nearly every other music distribution model — with the exception of good old vinyl records, which continue to find a niche among music lovers and hobbyists.

The rise of streaming services partly explains why Spotify has been able to raise $250 million in venture capital, and why Apple acquired Beats for around $US3 billion in May.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at