Last year saw an upturn in profits thanks to gains in streaming—but many more users will have to sign up in order for growth to continue. Spotify and Apple Music now dominate music sales, but no one is happy about it. With the platformization of the web, creatives are set up to compete for attention while the platforms that host their content benefit from monetization at scale.
How Significant Is the Music Industry's Rebound?
How Significant Is the Music Industry's…
How Significant Is the Music Industry's Rebound?
Last year saw an upturn in profits thanks to gains in streaming—but many more users will have to sign up in order for growth to continue. Spotify and Apple Music now dominate music sales, but no one is happy about it. With the platformization of the web, creatives are set up to compete for attention while the platforms that host their content benefit from monetization at scale.