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ExtraTorrent > Articles > Music Streaming Contributed to Artists Profit Surge

Music Streaming Contributed to Artists Profit Surge

Music Streaming Contributed to Artists Profit Surge

Added: Saturday, December 31st, 2016
Category: Bit Torrent Freedom > The Right To Share
Tags:ISP, Download, BitTorrent, MPAA, RIAA, copyright-infringement, file-sharing, Torrenting
Statistics has shown that some record labels have had their revenue rised thanks to music streaming services like Spotify and Apple Music – and this after half a decade ago, when the demise of the music industry seemed inevitable due to recession, rampant piracy and declining CD sales.

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However, it all changed in 2016, when profits from music streaming, including Spotify, Apple and Amazon, have contributed to the largest surge in labels revenue in more than 10 years. For example, Warner Music announced revenues of $3.25bn in 2016 – its highest in 8 years. $1bn of that was from streaming services. The researchers also point out that revenue from streaming was more than double the label’s download revenue and $100m more than its physical revenue. Other music labels have seen a similar surge in profits. By the way, the most-streamed artist of 2016 was Drake. In the meantime, Adele’s hit single Hello has been streamed 632m times and counting.

At the moment, 90 million people are signed up to streaming services all over world, which makes boycotts by artists like Taylor Swift seem redundant. Industry players believe that streaming had democratized access to music and made it easy and cheap. Indeed, for many consumers, Spotify and Apple Music are better than any hassle of an illegal download service.

At the same time, not just music labels benefit from streaming: with album and single purchases, it makes no difference if they were ever played, while streaming rewards consumption, paying money for each time a song is played. Apparently, this shift has rewarded lots of indie labels, especially those with big-hitting artists on their roster.

Posted by: 
SaM

Date:  Saturday, December 31st, 2016



Comments (4) (please add your comment »)

1
posted by (2016-12-31 23:50:48)
No avatarAt the moment, 90 million people are signed up to streaming services all over world, which makes boycotts by artists like Taylor Swift seem redundant.

But yet people still want to listen to her music and still want to go to her concerts than not do it showing that Streaming Music is just.... better.

2
posted by Trusted UploaderET lover (2017-01-01 14:50:59)
rigmar avatarHow can not owning the music be 'Better'. How can making playlists which disappear the second you stop paying for streaming be 'better' The fact is that the masses are becoming less and less technical and the education required for downloading by bit torrent at sensible speeds are totally beyond many. Technical standards, average swarm speeds are getting worse and worse despite average internet access speeds going up.

How can ignorance (hence the rise of Terror groups like IS) be 'better'. I am not looking forward to the further decline of the Human race in 2017

3
posted by (2017-01-01 18:31:12)
No avatari prefer owning the damn music not streaming it streaming music is so stupid id rather own the records of my favorite bands or own the cds of my favorite band

4
posted by Turtle (2017-01-04 15:01:56)
ReservoirDogs avatar"while streaming rewards consumption, paying money for each time a song is played"
Seriously ?? people pay each time they listen the same song ...
Wow i cannot adjust my mind to that!



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