March 25, 2016

In Shift to Streaming, Music Business Has Lost Billions

The growing - but still specialized - market for vinyl records is generating more revenue than the music on YouTube, one of the biggest destinations on the Internet. Drastic shifts in listener behavior (CDs and downloads have been gradually abandoned as streaming has become the platform of choice) leave the music industry fighting over pennies while waving goodbye to dollars. 

 

So far streaming has not saved the music business

Topics: eCommerce, Innovation, Culture, Vertical - Entertainment and Media

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