![]() ![]() January 2018 - Spotify says has 70 million paid-up subs. September 2016 - 40 million paying subscribers. June 2015 - Spotify crosses 20 million subscribers. Global sales rose 3 percent in 2015, then another 6 percent to reach $15.7 billion in 2016, according to industry reports. The music business returns to growth in 2015 driven by streaming service revenues, which now account for 60 percent of recorded music sales, according to market estimates, and Spotify claims to be a key factor in the revival as the market leader. ![]() Global recorded music industry revenues hit rock bottom in 2014 after a 15-year free fall, having declined by 40 percent to $14.3 billion from $23.8 billion in 1999. Spotify and Swift reconcile in 2017 after Spotify strikes new licensing deals with record labels. Popular artist Taylor Swift pulls her music off Spotify and other streaming services for three years, blaming them for the rapid decline in sales of CDs and other recording formats. In 2014, it attracts 10 million paying members from among its 40 million active users. Spotify pushes forward with a two-sided business model by offering a free, advertising-supported service to attract new users in order to eventually convince them to upgrade to a paid monthly, ad-free subscription service. licensing deals with major record labels, which had previously restricted contracts to experiments in overseas markets. The music industry, then suffering from devastating consumer spending declines, resists Spotify's promise of "unlimited access" to music in favour of the then current fashion of selling digital downloads based on the Apple iTunes model. The Stockholm company publicly launches its Spotify service, offering listeners access to a vast library of recordings rather than making users pay for CDs or downloads of albums or tracks.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |