Music Industry

What’s New in the World of Streaming Music Services? Glad You Asked…

Item 1:  How big has streaming become? Of all the revenue generated by US labels in Q1, a full 10% came from streaming–and that’s just Spotify.

Item 2: Spotify is a monster. Out of all the revenue generated by streaming, 49% was by Spotify.

Item 3: Rdio is about to launch a paid tier that costs $3.99 a month. It’s better than the freemium offering but not as powerful as their full-fledged monthly $9.99 subscription. This means they’re going after the middle ground.

Item 4: Streaming did Universal Music Group a lot of favours in Q1. These numbers are pretty healthy.

Item 5: Here’s another opinion on Tidal: It’s going to fail.

Alan Cross

is an internationally known broadcaster, interviewer, writer, consultant, blogger and speaker. In his 40+ years in the music business, Alan has interviewed the biggest names in rock, from David Bowie and U2 to Pearl Jam and the Foo Fighters. He’s also known as a musicologist and documentarian through programs like The Ongoing History of New Music.

Alan Cross has 38114 posts and counting. See all posts by Alan Cross

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