Streaming is music's biggest money-maker

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Nom De Plume
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Streaming is music's biggest money-maker

Post by Nom De Plume » Wed Apr 25, 2018 3:23 pm

Streaming services like Spotify and Apple Music have become the biggest contributor to the music industry's coffers for the first time ever.

In total, streaming generated $7.1bn (£5bn) in 2017, more than sales of CDs and vinyl.

The number of people subscribing to a streaming service topped 176 million, up from 112 million a year before.

The boom helped record labels chalk up a third consecutive year of growth, after 15 years of decline.

According to the IFPI, which represents the global music industry, the music market was worth $17.3bn (£12.4bn) last year, up from $15.7bn the year before.

However, it noted, this is only two-thirds of what the industry made at the peak of the CD era in 1999.

http://www.bbc.com/news/entertainment-arts-43877494
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Nom De Plume
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Re: Streaming is music's biggest money-maker

Post by Nom De Plume » Wed Apr 25, 2018 3:33 pm

I am an avid streamer. I have an Apple subscription, but I still buy CDs as I like having a hard copy.
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BigP
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Re: Streaming is music's biggest money-maker

Post by BigP » Thu Apr 26, 2018 4:37 pm

I prefere to own the music I listen to,,

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Black Orchid
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Re: Streaming is music's biggest money-maker

Post by Black Orchid » Fri Apr 27, 2018 5:26 pm

I like to own my music too but I do download some onto my phone just for the gym, which is the only place I listen to music on my phone.

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Nom De Plume
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Re: Streaming is music's biggest money-maker

Post by Nom De Plume » Fri Apr 27, 2018 8:25 pm

It's a try before you buy thing... currently I've had Nigel Stanford on high rotation, so will get the CDs.

I haven't bought a dud CD in ages.
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Black Orchid
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Re: Streaming is music's biggest money-maker

Post by Black Orchid » Fri Apr 27, 2018 8:27 pm

I do that with movies 8-)

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Nom De Plume
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Re: Streaming is music's biggest money-maker

Post by Nom De Plume » Fri Apr 27, 2018 8:38 pm

Black Orchid wrote:I do that with movies 8-)
And I should do that with movies. :lol: 8-)
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boxy
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Re: Streaming is music's biggest money-maker

Post by boxy » Sat Apr 28, 2018 8:14 pm

Renting pop art. It's a new world, and I'm getting grumpy.

Get off my lawn!
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Nom De Plume
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Re: Streaming is music's biggest money-maker

Post by Nom De Plume » Sat Apr 28, 2018 9:45 pm

Boxy's back! :yahoo :yahoo 8-) ;)
"But you will run your kunt mouth at me. And I will take it, to play poker."

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