Apple Music, Spotify, Amazon Music Lose More Than 1 Million Music Subscribers In UK — Money Concerns Top the List of Reasons

Apple Music, Spotify, and Amazon lost over a million music subscribers in the UK during the first quarter, according to a newly-released finding. The research finds a decline in the number of young people with music streaming subscriptions throughout the country.

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The Major Labels Soaked Up 58.6% of $9.8 Billion In Streaming Royalties During 2021 — According to NMPA Stats

The National Music Publishers’ Association has claimed that the major labels took in a staggering 58.6 percent of 2021’s $9.8 billion in total streaming royalties – while continuing to tout its close ties with the Big Three, thereby raising renewed questions about the precise extent of their pull.

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Goldman Sachs Predicts Explosive Music Industry Growth Despite Spotify Slowdown and Wider Economic Uncertainty

Amid the ongoing resurgence of crowd-based entertainment like concerts and festivals – and notwithstanding a slowdown in Spotify’s subscriber growth – Goldman Sachs believes that the music industry is poised to crack $153 billion in annual revenue by 2030.

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