Spotify’s direct upload feature may be invite only for now, but it’s been indicated it will be open to all in the near future…
Read more here.
While Apple Music’s subscriber count is currently at 21 million, just edging out Spotify with 20 million, feeding this is the fact that Spotify has a free, ad-supported tier that users can choose, while Apple Music does not.
Spotify still controls the global paid music streaming market with a roughly 62 percent share.
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“The Senate’s passage of the Music Modernization Act (MMA) is a milestone by any measure. It is also just the beginning.”
We’re still pinching ourselves. Read more about just how significant this new law is here.
Streaming becomes more and more relevant with the steady growth of paid subscribers (now totaling 46.3 million), while “old school” CDs are continually being replaced by the even older school medium, vinyl records.
Read more about the revenue growth in all sides of the music industry here.