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As 2021 rolls on, Spotify remains atop the roost of streaming music subscription services. But its market share is suddenly ebbing while the competition is intensifying. Here’s a look at the fastest-growing Spotify alternatives, many of whom have designs on Spotify’s lofty lead. Others, however, are focusing on niches that are increasingly in play as the streaming space matures.
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About 13,400 artists generated $50,000 or more in Spotify royalties during 2020 – though there are an estimated total of approximately seven million acts with music on the platform.
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The potential exposure – and revenue – associated with prominent Spotify playlists is hardly a secret, and needless to say, competition for the highly coveted spots is accordingly fierce. But during a recent Q&A session, employees of the leading music streaming service emphasized in no uncertain terms that artists and labels cannot buy their way onto playlists.
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For the full article, please click on the image, above.
For the full article, please click on the image, above.
In the first half of 2018, overall on-demand streaming increased 41.7 percent to reach 403.5 billion U.S. streams
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