econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



posted on 28 May 2017

Music Streaming Is Now 'Too Big To Fail'

from Statista.com

-- this post authored by Felix Richter

After months of negotiations, the world's largest music streaming service and the world's largest record label have agreed on a new licensing deal.


Please share this article - Go to very top of page, right hand side for social media buttons.


Spotify and Universal Music Group announced the multi-year contract in a joint statement saying that the partnership is “built on a mutual love of music, creating value for artists and delivering for fans".

The nature of the deal, which sees both parties make compromises in key areas (such as Universal agreeing on lower royalty rates and Spotify allowing Universal to exclude free users from listening to new releases for up to two weeks), clearly demonstrates the co-dependent relationship between record labels and streaming services. The latter couldn’t survive without the labels’ music and the labels have come to rely on the revenue services such as Spotify provide to them. As Sir Lucian Grainge, Chairman and CEO of Universal Music Group, points out “streaming today represents the majority of the business" and “the long-term success of Spotify, and others like it, is essential to the ecosystem’s enduring health".

As our chart illustrates, streaming accounted for the majority of the music industry’s revenues for the first time in 2016. With physical sales and music downloads clearly on the decline and streaming subscription numbers higher than ever, it seems as if streaming has finally become too big to fail.

This chart shows how important streaming has become for the music industry.

Infographic: Music Streaming is Now 'Too Big to Fail' | Statista You will find more statistics at Statista.

>>>>> Scroll down to view and make comments <<<<<<

Click here for Historical News Post Listing










Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.




Econintersect Contributors








search_box
Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.







Keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government





























 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved