Particularly in the albums and new artists category, one genre rakes in the most streams for another year. Read Billboard’s year end summary and find a link to all of the streaming charts for 2018 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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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.