Two decades of streaming: the current state of the music industry


It's fascinating how a few key players have reshaped the music streaming landscape. More intriguing, though, is that streaming revenues still haven’t eclipsed the peak of physical sales from the late 90s. This, despite hundreds of millions of daily streamers.

Despite the variety of streaming services, Spotify is the undisputed leader. Even Apple, with its preinstalled Music app on millions of iPhones, can’t compete. It’s surprising then that Spotify has consistently reported significant losses, often in the hundreds of millions. In 2017, the year it went public, Spotify's net loss was a staggering 1.4 billion dollars.

I initially thought that today's streaming revenue would far exceed that of the physical formats era, but I was mistaken. The reasons behind this trend are numerous and complex — a topic for another time.

 

This article was published originally on Datawrapper.

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