It doesn’t get any better than this in the music business — and it’s still bad.

Universal Music Group’s revenue slid 5.6 percent last year despite distributing the top-selling album trifecta of 2014: Taylor Swift’s “1989,” Sam Smith’s “In the Lonely Hour” and Disney’s “Frozen” soundtrack.

Spotify and other streaming services are eating away at digital downloads via Apple’s iTunes, while sales of physical CDs continue to slide.

Universal, the world’s biggest record company, favors monthly subscription services that charge for music and is fighting the surge in free, ad-supported streaming services.

Spotify offers both a “premium” paid tier and a free service.

“We want to accelerate paid subscription,” Universal CEO Lucian Grainge said at a Re/code conference this month. “Ad-funded on-demand is not going to sustain the entire ecosystem of the creators as well as the investors.”

Swift pulled her catalog from Spotify last year after the company declined to make her music available only on its paid tier.

Icelandic singer Bjork joined Swift on Friday, saying she wouldn’t allow her latest album on the service.

Universal, which also counts among its artists Ariana Grande and 5 Seconds of Summer, is currently negotiating a new song licensing deal with Spotify, sources said.

Separately, Universal confirmed on Friday it has parted ways with Chief Digital Officer Rob Wells.

Universal, part of French giant Vivendi, saw full-year revenue slide 5.6 percent, after adjusting for currency fluctuations, to $5.12 billion in 2014.

Earnings before interest, taxes and amortization, or Ebita, rose 11.3 percent on the same basis to $639 million.