Every time a music stream has a large audience. It is true that free services like Spotify are very helpful, however, few choose to pay for the service and therefore have the “Premium” features offered by these services. In fact, users, free and paid, have reached the highest levels in the history of the industry, setting a precedent that is definitely killing the world of digital downloads. The growth of streaming music is unstoppable and digital downloads live their last moments of life, What music streaming service do you usually use?
In the United States of America, Recording Industry Association of America He conducted research throughout 2019 with his most recent results. Although it may seem small, revenue generated by streaming music grew 25 percent year-on-year, reaching a total of $ 11.1 billion, thus becoming one of the main sources of revenue for the industry, as expected. Apple Music and Spotify alone have accumulated 6,800 million more than the above-mentioned amount and do not stop growing in numbers, which will soon become the most common way of listening to music, as long as the multiplatform system is fully expanded.
The number of paid subscribers for these services has grown by almost 30% by 2019, reaching 60.4 million people. On the contrary, physical format sales continue to fall, currently representing 10% of total sales. The curious details that vinyl is selling more than ever and are already offering $ 500 million in profits, whether past or complete, the middle streets disappear completely. Music downloads decreased from the statistics provided in 2006, it is growing, so they are close to becoming a permanent format (they represent only 8% of the profits in the industry).
