Streaming subscription boom boosts US music sales
04th January 2017, 12:00 Hrs
Song streaming on subscription services more than doubled in the United States last year, bringing solid growth to the music industry despite sagging album sales, data showed recently. Analytical firm BuzzAngle Music said that consumption by the world's largest music market rose 4.9 percent last year, led by a surge of streams of individual tracks. Streaming services, which offer unlimited on-demand music online, have grown rapidly in recent years and brought new growth to a long-stagnant industry.
The 2016 data offered additional good news for the industry -- more people are paying to subscribe to services such as Spotify, Apple Music and Tidal, rather than choosing advertising-backed platforms such as Spotify's free tier that are frowned upon by record labels.
US listeners streamed songs more than 191 billion times in 2016 through subscription services, growing an impressive 124.3 percent from a year earlier. More than 76 percent of audio streams last year were through subscriptions, well up from 62 percent a year earlier.
The music industry has largely embraced streaming and forecasts robust future growth. Some artists are less enthusiastic, however, saying that streaming proceeds cannot ensure sustainable livelihoods except for top stars.
Explore your inner self
To invoke emotional awareness amongst creative practitioners, and unlock their internal space, a unique therapeutic artist residency will be offered by TATVA and PEPPINA art at Aldona from October 25 Read more
For the joy of reading
In an attempt to underline the importance of good reading in the formative years, Tata Trusts in collaboration with Bookworm Trust (Goa) recently conducted a Library Educator's Course in the state which witnessed the participation of 34 people from 11 different states. Amrita Patwardhan of Tata Trusts share the details with #TGLIFE Read more
Bastora underpass to miss yet another deadline
The overbridge along NH17 cum underpass at Bastora was expected to be thrown open by Dec-end; New deadline set for March 2018 Read more
Govt unveils one-time benefit scheme for freedom fighters
Applicants to be settled after written undertaking n Freedom fighters once settled will not be eligible for pension Read more