The Music Industry Had a Fantastic 2017, Driven by Streaming Revenues (fastcompany.com)

An anonymous reader shares a report: Global recorded music revenues soared by $1.4 billion in 2017 largely due to the increased adoption of music streaming services among consumers, reports the Music Industry Blog. Global recorded music revenues reached $17.4 billion in 2017, putting it just a hair below 2008's $17.7 billion in revenues. That means that most of the decline in recorded music revenues over the past 10 years has now been reversed. Streaming was the largest driver of that growth, accounting for 43% of all revenues. In 2017 streaming revenues surged by 39%, topping out at $7.4 billion.

Comments

Re: And how much of that went to the artists?

[LynnwoodRooster]

For pretty much 99.99% of man's history, musicians only made money by performing. It was the advent of recorded music and radios back around 1920 that changed it. No surprise we're swinging back to the way it historically was - money for performance, not ad-infinitum royalties. This is also true for pretty much ALL art - the painter sold the painting once, the sculptor sold the sculpture once. The musician or actor sold their performance once (the musician and actor, however, could repeat their performance later in time, unlike the painter who would have to create a new painting).