Recorded Music Market 2017 Streaming Accelerating Growth
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Recorded music revenues are booming and the distribution end of the value chain is both vibrant and competitive. This has not been the case for many, many years. Streaming is on course to become the main revenue source, while the slowdown in legacy format decline is enabling that growth to lift the overall market at a greater rate. The big record companies retain their dominant market positions, but, just as on the distribution side of the equation, the rights side of the recorded music market is undergoing transformation, with artists going direct the big revenue trend to surface in 2017.
Companies and brands mentioned in this report: Amazon, Apple, Apple Music, Bandcamp, Believe Digital, CD Baby, Cooking Vinyl, Deezer, Napster, Sony Music, Spotify, Tunecore, Universal Music Group, Warner Music Group