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US music industry soars as streaming hits 30 million

NEW YORK: The US music industry on Wednesday reported soaring growth in the first half of the year as streaming subscriptions reached 30 million and long-sagging CD sales leveled out. The boom in streaming -- which allows unlimited, on-demand listening online -- has revived the music business in recent years but the latest figures were especially strong. Sales in the world's largest music market rose 14.6 percent to $2.7 billion in the first six months, well outpacing the 8.1 percent growth a year earlier, the…