Music Labels Go Gaga for Streaming Services

a315886c-8b75-11e6-afd1-1c0f6e75ba2c_1280x720Thanks to fast growth in Spotify and Apple Music services, the recorded music industry has hit a number of milestones this year. Revenues from streaming on demand over the internet have grown strongly enough to offset declines in physical sales for all three major labels, powering Warner Music towards its highest full-year revenues in eight years. The US music industry is on track for a second consecutive year of growth for the first time since the late 1990s, before piracy and the internet corroded sales.

Source: FT

Respond to Music Labels Go Gaga for Streaming Services

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s