2018 is seeing a turn around in the health of the music industry. In previous years, we were seeing a decline in music revenues, especially for artists.
Spotify is leading the way in growth with “more than 140 million active users and more than 50 million paying subscribers.” New technology, like Stationhead that allows anyone to listen to radio from their smartphones, has helped increase Spotify’s popularity.
Beyond streaming, it looks like artists are booking more shows, and more people are buying tickets and heading out to see those artists. Who was the last DJ you went to see?
Check more music industry stats here.