Music Industry Making Money Again…


And that’s thanks to the new subscription models being launched by online streaming companies, according to cNet. Sales from streaming music were up 8.1 percent to $3.4 billion in the first six months of 2016 compared with the same period last year, according to the website. In the first half of 2015, revenue was down 0.5 percent.

$10 monthly memberships for music now being offered by Spotify, Apple Music, Tidal and most likely Pandora and iHeartRadio soon, have reached enough scale to drive the recording industry’s best growth since the height of the CD. The first half of 2016 averaged more than 18.3 million music subscriptions, doubling the 9.1 million reported at the same time last year.

Read more from cNet HERE


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