Ongoing History Daily: Music industry facts, part 2

Here are a few more music industry facts that I think you’ll find interesting.

1. Sales of ringtones used to be a major, major thing because they kinda faded away. Between 2005 and 2007, they brought in more than a billion US dollars in revenue.

2. Somewhere around 40,000 songs are added to Spotify every single day. There’s even a site called Forgotify that will stream you Spotify songs that have never been heard once.

3. To underscore that, 99% of all streams come from the 10% of tracks.

4. This may be related. A 2016 survey of 2,200 musicians in the UK found that 71% reported some kind of mental health condition.

5. What platform reaches the most people with music? Old-fashioned radio, which is heard by almost 90% of the population every week.

If you missed part one of this post, go here.

And don’t forget to check out my podcast The Ongoing History of New Music where you listen on Spotify, Apple Podcasts, Google, Stitcher, or wherever you get your on-demand audio.