Streaming music service as the largest source of income
09
Jan 2020

Kirsten Thomas

Streaming music service as the largest source of income

I believe many users know that the current development of the music recording industry has begun to switch to a streaming platform, but can subscription platforms really replace other businesses? The latest statistics now show that over the past 10 years, 80% of the industry's revenue has come from subscription services, and the number of paid subscribers has increased from 1.5 million to over 61.1 million.

According to the Recording Federation of America, the latest survey shows that from 2010 to 2019, 80% of the industry's revenue comes from paid subscription services, and the number of paid subscriptions has increased from 1.5 million to 61.1 million. The main reason is believed to be the development of technology. In 2010, only 35% of people in the United States held smartphones, and now 81%, and more and more paid subscription platforms have appeared, so they have replaced physical CD And the need to buy a digital version.

apple music

In fact, the main reason that the streaming platform is popular with users is that they can log in to different devices and synchronize the database, and there is no need to download to the device, which reduces the import action and allows you to enjoy the music you want anytime Work is the most important core of the streaming platform.