Thursday, September 22, 2016

Apple Music And Spotify Help Music Business' To The Road Of Recovery

The music business is enjoying a recovery thanks to the growth of paid streaming services like Apple Music and Spotify. This is after almost 2 decades of decline caused by piracy and falling prices. Retail spending on recorded music grew 8.1%  to $3.4 billion in the first half of 2016, according to a draft midyear report from the Recording Industry Association of America that was obtained by Bloomberg News. That means the U.S. industry is on pace to expand for the second straight year - the first back-to-back growth since 1998-1999.

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