Billions of streams. Billions in revenue. The music industry is on a growth trend thanks to the listening habits of music fans, artists and streaming platforms such as Spotify, TuneIn, Slacker Radio, Tidal, Pandora, AccuRadio and thousands of other streaming publishers.
Here are some numbers that are truly remarkable:
What will this mean for the industry moving forward?
More investment for streaming platforms? A focus on artist development for an on-demand environment? Investment from radio broadcasters into their online streams? Increased resources to foster new music talent? More curated content? New speaker, headphone, and listening device development? Innovation?
We can't predict exactly what will happen, but we believe it's going to be great for music fans. Stay tuned.