INDUSTRY SPOTLIGHT
Music Streaming
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Music Streaming industry overview
Music streaming industry reached new heights in 2023, with global revenues exceeding $19 billion. Paid subscriptions are the backbone of this growth, surpassing 500 million subscribers worldwide. Streaming now accounts for nearly half of all music revenue globally, driving the sector’s continued expansion.
Why it matters:
Music streaming continues to revolutionize how people consume music, with profound effects on the industry:
- Streaming made up more than 80% of U.S. music revenue
- Over 25% of music on streaming platforms went unheard in 2023, highlighting a saturated market
Between the lines:
While streaming is thriving, there are underlying challenges:
- AI-generated music and piracy issues are rising, threatening revenue distribution
- The industry is grappling with how to fairly compensate smaller artists amidst a highly competitive landscape
Our expert team is equipped with the knowledge needed to develop successful, investment-worthy ventures in the Music Streaming sector
What we do:
We help to secure necessary venture funding, find profitable M&A options, and craft impeccable Music Streaming pitch decks and business blueprints.
Go deeper:
Explore our Music Streaming market analysis to learn about the latest trends, startup challenges, and key strategies for securing investment.
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