Music Industry's Revenue Continues To Grow, But Beneath The Surface Are Warning Signs

this week. The numbers for 2018 show that the industry is continuing on the growth path that started in 2016 after an 11-year slump: Overall growth was 13% over last year to $9.8 billion—off slightly from 2017's 17% growth over 2016 but healthy nonetheless.Interactive streaming, through services like YouTube, Spotify, Apple Music and Amazon Music Unlimited, is now dominating the industry even more than before.

In fact, CDs are on track to fall below vinyl by the end of this year—especially counting the used vinyl market, which isIn all, the music industry is continuing the trends we've seen over the past couple of years, well on its way to a new state of structural stability with interactive streaming on top. Industry watchers used to wonder whether consumers would embrace the monthly subscription model over physical products or"ownership" of permanent downloads.

If these trends continue, we should see the upper limits of the music industry's new growth engine within the next couple of years, and the U.S. recorded music industry will end up somewhere in the $12 billion range, somewhat below its $14.6 billion peak from 1999, especially when adjusted for inflation.The era of interactive streaming is recorded music's fifth era

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Music Industry's Revenue Continues To Grow, But Beneath The Surface Are Warning SignsThe latest RIAA music industry revenue numbers show continued growth and continued dominance of interactive streaming. But growth in streaming is slowing down, leading to questions about where the industry will go next. For actual musicians, this is a disaster I wonder if the future of music might look something like this, where humans and robots play simultaneously, dependent on each other to make audible art:
Fuente: Forbes - 🏆 394. / 53 Leer más »

Streaming services push recorded music business to highest revenue in a decadeThe recorded music industry in 2018 logged its best year in a decade, generating $9.8 billion in revenue thanks to a big jump in consumer acceptance for subscription streaming music services. and arent they screwing you thedavidcrosby still? Subscribing to music is mighty damn strange. Periodicals. Sure. Wine and cheese of the month, well yea. But music, that's just weird. The concept of owning music is outdated. People consume music like food. You’re not always in the mood for tacos just like you are not always in the mood for [insert whatever you listen to on the reg]
Fuente: NBCNews - 🏆 10. / 86 Leer más »

Troubling signs for the future of Australia’s giant coal industryChina imposed delays on coal imports from Australia, but not those from other countries, it was reported Australia is fading
Fuente: TheEconomist - 🏆 6. / 92 Leer más »