According to the RIAA’s latest numbers, income to music rights holders from music streaming services for the first half of 2015 topped $1.03 billion in revenue.Ĭomparing the 2014 end of year income stats (top) with the first half of 2015 (bottom), you’ll find streaming’s contribution to overall revenue jumped from just over a quarter to nearly a third. The most recent stats from the Recording Industry Association of America (RIAA) that cover the first half of 2015, show that recorded music sales in the US are approaching a tipping point. Based on the numbers being reported, rather than killing the music industry, music streaming may be the savior the music industry has been hoping for ever since college student Shawn Fanning disrupted it in 1999 when he invented Napster. So, should everyone else – especially indie artists – follow their lead in fighting the rising tide of music streaming? In a word, no.Īs with any new distribution platform, music streaming is just beginning to take shape. In addition, owners of one of Amazon’s voice-controlled Echo devices will be able to get the service for just $3.99 per month.” Amazon is also planning to attract listeners with major album exclusives. According to an article on The Verge, “Amazon has done a number of things to differentiate Music Unlimited from, but the most notable one is its price: the service will be available to Amazon Prime members for $7.99 per month or $79 per year, which is cheaper than the premium options from Spotify or Apple Music. Past holdouts who have now embraced the streaming model include The Beatles, Pink Floyd, Led Zepplin, AC/DC, and now Garth Brooks.īrooks’ change of heart heralds the introduction of a new streaming service, Amazon Music Unlimited, the service where his music will exclusively be available. Billboard‘s “ 11 Artists You Still Can’t Find on Any Major Streaming Service” highlights notable standouts, including Aaliyah, Bikini Kill, De La Soul, Def Leppard, King Crimson, The KLF, Yoko Ono, Bob Seger, Suede, and Tool. From Thom Yorke to Neil Young, Adele to Taylor Swift, mainstream artists have publicly challenged whether the streaming paradigm can ever be profitable for artists.Ģ016 continues to see the streaming model avoided by classic and current music artists.
Our two-part look at music streaming 2016 includes this post about the current landscape and an overview of revenue equations in Part 2.Ģ015 was marked by a number of high-profile artists continuing to speak out against the music streaming business model while excluding their music from providers like Pandora, Spotify, Apple Music, Tidal, and many more.
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