Published on February 23rd, 2019 | by Alan Cross0
How big is streaming for the major labels? VERY big.
I love when data gets crunched in ways that help us visualize what would otherwise be unvisualizable. (Is that even a word?)
Music Business Worldwide dug into the financial results of the three major labels–Universal, Sony, and Warner–and determined that on average, they brought in US$19 million a day in streaming revenues. That’s about US$800,000 an hour.
Universal, the biggest of the three, got bigger in 2018. Streaming revenues increased by a
It wasn’t that long ago that the labels had to be dragged into the streaming age screaming bloody murder. But times chance, right?
Read more here.