Cue The Muse
What I’m thinking that’s worth writing about
The disruptor and the disrupted
“Americans are listening to more music than ever, yet the music industry’s U.S. revenues are down 40% over the past decade. We all know why…. Annual CD sales have plunged from $9.4 billion to $1.5 billion in ten years and now account for just 22% of total industry revenue. Streaming has become the way Americans prefer listening to music (34% of industry revenue), and streaming services deliver far more music per buck than CDs ever did. Streaming services like Spotify and Apple Music thus drain revenue from the industry incumbents and keep little of it for themselves, delivering the difference to consumers in the form of better…
Mark BurrisMar 30