Music industry recovery: Apple Music and other services is the key

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Jacob Black
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Music industry recovery: Apple Music and other services is the key

Postby Jacob Black » 27 Sep 2017 14:34

Streaming media music services like Apple Music have made a significant contribution to the rebirth of the music industry. US record industry association (RIAA) data released this week, the music industry continued to grow largely due to streaming media services.

In the first half of this year, streaming music services accounted for 62% of the music industry revenue, digital downloads accounted for 19%, physical sales accounted for 16%, compared to the first half of 2015, the proportion of streaming music services only 33% Digital downloads accounted for 41%, physical sales are still 16%.

Of the total income of the music industry, nearly 80% comes from digital distribution. For the record industry, the good news is that streaming media services such as Spotify free services, such as free advertising, are still growing compared to paid subscriptions. These figures indicate the continued growth of the music industry, which continues to recover due to the growth of paid subscriptions such as Apple Music, but still well below the peak level in the late 1990s.

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Although Apple Music user subscription is far less than the world's largest genuine streaming music service platform Spotify, but according to foreign media reports, Apple Music in the US market before the number of independent active users ranked first in the streaming media service list The

In addition, according to market research firm Fluent previously released for a survey of 1,900 US adults, Apple Music is the nation's "most unpopular" streaming music services, it came in YouTube, Pandora, iHeartRadio, Google Play Music, Spotify and Amazon Prime Music.

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