You already know the story.
Thanks to the exploding recognition of streaming music providers, the music trade has skilled a ‘revival.’ All three main labels – Sony Music, Warner, and Universal – now submit billions every year in digital income.
In addition, extra folks hear and subscribe to mainstream streaming music providers on their cellphones. Spotify has 83 million subscribers. Apple Music has 50, give or take, and Amazon has “tens of hundreds of thousands.”
Deezer has round 12 million whole customers, with 9 million paying for the service. Tidal has over one million subscribers (at the least based on Tidal). Toss in 32 million from Sirius XM Satellite Radio and 6 million from Pandora, and the 200 million threshold comes into view.
Now, with streaming music rising in creating international locations, one agency now predicts the whole variety of folks paying for providers will develop at a skyrocketing fee.
So, do you pay to stream music?
According to a music market report from Futuresource Consulting, 235 million folks around the globe will subscribe to a streaming service by the tip of this 12 months.