Spotify hopes going public will cement streaming as music’s future

In 2016, streaming revenue increased 60%, while the overall global music industry grew 5.9% – the fastest rate of growth since 1997. According to a global music report issued by the industry group IFPI, music revenues hit $15.7bn in 2016, up from $14.8bn in 2015. Fifty per cent of that came from digital sales. A Goldman Sachs research note, Music in the Air, projects that streaming will help revenues double to $104bn by 2030. – Edward Helmore, The Guardian http://ift.tt/2raeLFQ