U.S. music industry revenue by year (YoY growth):
1) 2017 — $8.8B
2) 2018 — $9.8B (↑ 12%)
U.S. paid music subscriptions by year (YoY growth):
1) 2015–10.8M
2) 2016–22.6M (↑ 109%)
3) 2017–35.3M (↑ 56%)
4) 2018–50.2M (↑ 42%)
Streaming now accounts for 75% of total music revenue!
U.S. streaming music revenue by year (YoY growth):
1) 2015 — $2.3B
2) 2016 — $4.0B (↑ 74%)
3) 2017 — $5.7B (↑ 43%)
4) 2018 — $7.4B (↑ 30%)
Something fun: The economics of streaming is making songs shorter
More #1: Spotify Plans Enhanced Targeting For Advertisers
More #2: Spotify Is Pulling Away From Apple Music
More #3: Is Liberty Media About to Become the Most Powerful Company in Music?
