Streaming is music's biggest money-maker
- Nom De Plume
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Streaming is music's biggest money-maker
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
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
"But you will run your kunt mouth at me. And I will take it, to play poker."
- Nom De Plume
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Re: Streaming is music's biggest money-maker
I am an avid streamer. I have an Apple subscription, but I still buy CDs as I like having a hard copy.
"But you will run your kunt mouth at me. And I will take it, to play poker."
- BigP
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Re: Streaming is music's biggest money-maker
I prefere to own the music I listen to,,
- Black Orchid
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Re: Streaming is music's biggest money-maker
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.
- Nom De Plume
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Re: Streaming is music's biggest money-maker
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.
I haven't bought a dud CD in ages.
"But you will run your kunt mouth at me. And I will take it, to play poker."
- Black Orchid
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Re: Streaming is music's biggest money-maker
I do that with movies
- Nom De Plume
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Re: Streaming is music's biggest money-maker
And I should do that with movies.Black Orchid wrote:I do that with movies
"But you will run your kunt mouth at me. And I will take it, to play poker."
- boxy
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Re: Streaming is music's biggest money-maker
Renting pop art. It's a new world, and I'm getting grumpy.
Get off my lawn!
Get off my lawn!
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- Nom De Plume
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Re: Streaming is music's biggest money-maker
Boxy's back!
"But you will run your kunt mouth at me. And I will take it, to play poker."
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