It only works by charging the least possible so as to get millions of monthly subscription incomes. It’s simply a corporate penny counting excursive in gross numbers for the corporation. Streaming has always been a race to the bottom for artist income. Spotify hits 50 million paid subscribers – March 3, 2017Īpple Music surpasses 20 million paid members 17 months after launch – December 6, 2016 Spotify leads call for investigation into ‘troubling’ Apple and Google app store practices – May 5, 2017Īpple Music passes Pandora and Spotify in mobile usage – March 29, 2017 Watch out Spotify and Apple Music, here comes Amazon – December 18, 2017 Spotify hit with $1.6 billion lawsuit from music publisher – January 2, 2018 Spotify files for its IPO – January 3, 2018 Never say never, but customers don’t seem to be interested in it… The subscription model has failed so far. MacDailyNews Take: Steve Jobs was famous for denouncing something right up until he embraced it. Last year’s sales were worth £88m and accounted for one in every 10 physical music purchases.” “Some 4.1 million LPs were sold, 20 times as many as a decade earlier, when interest in the analogue format was at its all-time low. “Physical sales were down only 3pc, propped up by a booming vinyl market,” Williams reports. “It said that streaming revenues jumped by 42pc last year to £577m, more than outweighing a steep fall in download sales and a more gentle decline in sales of physical singles and albums.” The trend is nevertheless supported by separate financial data collected by the Entertainment Retailers Association, a trade group comprising streaming services and physical record sellers including Amazon and HMV,” Williams reports. “The claim that streaming accounted for more than half of overall music consumption is based on estimates of listening habits. “BPI, which represents record labels, said that excluding radio last year Britons did more than half their listening via the internet, rising to more than 1.5 billion streams in a single week in December.” “Streaming services such as Spotify and Apple Music now account for the majority of music consumption, according to industry figures that also show a continuing vinyl revival,” Christopher Williams reports for The Telegraph.
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