Friday, March 15, 2019

MUSIC STREAMING IS MAKING BIG BUCKS FOR THE BIG LABELS

Music streaming is making big bucks for the big labels


The music industry's three biggest labels namely Universal Music Group, 
Sony Music Entertainment and Warner Music Group made a combined $19 million a day and $6.93 billion overall in 2018. 

Streaming also makes up 75% of the industry's revenue now.

#Themusicindustry's three biggest labels made approximately $7.4 billion from streaming in 2018


#Musicstreaming generates Billions of revenue, for who exactly? The three biggest names in the game.

#RIAA reports #music #streaming pulled in $7.4 billion last year. #tech #technews


Three major #musiclabels make $19 million a day from streaming while artists count their pocket change

RIAA reports music streaming pulled in $7.4 billion last year


#RIAAreports music streaming pulled in $7.4 billion last year For the third year in a row, the RIAA's annual report (PDF) shows recorded music revenue growing rapidly, shooting up 11.9 percent from 2017 for a total of $9.8 billion.

Global #digitalmusic downloading revenue vs. digital music streaming revenue (chart in photos)

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