With streaming services like Spotify, the age of the iPod seems to be coming to a close. But we also live in the era of reboots, so it’s no surprise that the classic iPod shuffle-style player is once again relevant in the age of streaming.
More Americans pay to listen to Apple Music than Spotify. The Swedish company had been ahead since the iPhone maker got into the streaming music business back in 2015, but Apple finally closed the gap. And its growth is continuing to outpace its rival in the US.
Spotify still has many more paid subscribers globally, however.,
Streaming music has come a long way! According to a new report, the number of people now paying a monthly music streaming subscription in the U.S. is around 51 million. That’s close to double the number at the end of 2016!
In total, last year, streaming music services accounted for 65 percent of the recorded music revenue in the U.S. Spotify and Apple Music combined dominate “at least 80 percent” of the domestic music streaming market, and other platforms — including ones belonging to big names like Amazon and Google — are already, “falling surprisingly far behind.”
Jay-Z’s Tidal streaming music service was set up to make sure sure artists benefitted from the next big shift in music distribution. However, according to a new report it may have defaulted on that mission — since it’s now months behind on payments to labels.