Replay media catcher 711/6/2022 ![]() That translates to $55 of investment per subscriber.” This definitively makes them worth more than half of the global recorded music industry. Music Business Worldwide reported in June of last year that “Spotify was already the most heavily financed music service in history and it has nearly doubled its total investment in one single round, taking the total to more than $1.1 billion with a valuation of $8.5 billion. Recent estimates put the company’s paying subscriber base between 25 and 30 million people, with their free plan reigning in 75-100 million. Today’s biggest services in music streaming are now household names – Spotify, Pandora, Deezer, and most recently introduced, Apple Music.īy far the leader in the music streaming market, Spotify experienced the fastest subscriber growth in the entirety of its 7 years in business in the last half of 2015 alone. Nevertheless, streaming services are dominating the industry. Surprising to some, vinyl records are the only physical form growing in popularity (a 29% increase from 2014), as listeners have begun to seek more nostalgic ways of consuming music. The power of streaming services, as well as their consistent growth, has progressed as more music listeners adopt the notion of streaming artists digitally, rather than owning music in other physical forms.Īs music streaming grows steadily in popularity, it naturally takes a cut out of other market segements like CD’s and digital downloads – down 11% and 3%, respectively. In 2015, Nielsen found that 317 billion streams occurred – an increase of close to 93% from the 2014. While this consumption has evolved with new technology and services, music consumers’ hunger for music is as strong as it ever has been. REPLAY MEDIA CATCHER 7 SOFTWAREWith seemingly never-ending supplies of artists and albums, and powerful recording software to save every song, the possibilities for absorbing music are simply too tempting to pass up. The way that we discover, listen to and absorb music has drastically changed in the past decade. ![]() Posted January 26th, 2016 | Category: Applian Software, Music, Replay Music. The State of Music Streaming in 2016: Today’s Top Players ![]()
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