We have collected data and statistics on the music streaming sector.

For some, that means more tours, merchandise and other fan interactions. In 2021, music streaming is far ahead of other forms of music distribution, however this has led to some artists losing income and having to find new ways to stay relevant. But it wouldn’t be until the mid-2010s that music streaming became the dominant revenue generator for music labels, surpassing physical and digital.Īpple Music launched in 2015, further verifying streaming as the future of digital music. Major music labels launched VEVO in 2009 as a way to control the distribution and revenue share of music videos on YouTube.Įven with the poor reception from the music industry, YouTube, Pandora and Spotify continued to grow in users. YouTube also got its start in 2005 and by 2010 it was the most popular video service in the world, overtaking MTV and other channels as the premier place to watch music videos.

The music industry shunned the new platforms at the start, with several artists blocking Spotify and Pandora from using their material. Instead of sales, the emphasis was on repeated listens and getting a song in a popular playlist or radio station. This fundamentally changed how music is valued.

Spotify 1st in the world