It's Daniel Ek's World and Musicians Just Live In It
U.S. streaming services now account for 84% of the total revenue that labels and artists earn from recorded music, with a total revenue of $8.67 billion. The reliance on streaming raises concerns about the sustainability of musicians' careers as streaming revenue growth slows and artists face challenges in generating adequate income through royalties. Efforts from platforms like Spotify to help musicians earn more through merchandise and ticket sales are highlighted amidst rising costs and increased competition in the market.
Published on Wednesday, September 11, 2024 at 4:35 PM
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Hypebot - Music Tech
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