43% of music revenues came from streaming last year

More from: | TechCrunch |

Streaming services and their subscription revenue has saved the music business, according to a new music industry report, which notes that 2017 was the third consecutive year of revenue growth – again, thanks to digital music consumption. Global recorded music revenues reached $17.4 billion in 2017, up from $16 billion in 2016 – an annual growth rate of 8. percent. Streaming revenues in particular have contributed to this growth, and were up 39 percent year-over-year to reach $7.4 billion, or 43


Read full article » https://techcrunch.com/2018/04/23/43-of-music-revenues-came-from-streaming-last-year/

About | TechCrunch |

TechCrunch is a leading technology media property, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.

»Twitter: @techcrunch »Facebook: @techcrunch