How Spotify and Apple Have Revived the Global Music Industry
May 2, 2018 16:35:59 GMT -5
Post by boscy on May 2, 2018 16:35:59 GMT -5
May 1, 2018
How Spotify and Apple Have Revived the Global Music Industry
How Spotify and Apple Have Revived the Global Music Industry
The US music industry has seen several years of poor revenue growth, as physical sales and online downloads have dwindled. However, according to a recent report by the Recording Industry Association of America, music streaming services have revived the industry, which saw its revenue grow 16.5% in 2017 to $8.7 billion.
A new report by MIDiA reinforces that music streaming services have supported growth in the industry. According to the report, last year was the third consecutive year of revenue growth for the global recorded music industry.
A new report by MIDiA reinforces that music streaming services have supported growth in the industry. According to the report, last year was the third consecutive year of revenue growth for the global recorded music industry.