If you’re searching for further evidence that music streaming is overtaking downloads, look no further than a new report claiming that over the last quarter European revenue from Spotify streams were 13% higher than revenues from iTunes downloads.
The report comes from Kobalt, a company that helps collect music royalties on behalf of thousands of big-name artist. Currently it only collects earnings from Spotify streams in Europe — which means it’s unknown if similar figures are true in the U.S.
This time last year, iTunes’ earnings were 32% higher than that of Spotify in Europe, although streaming revenues have tripled over the past two years.