snoop1130 Posted March 2, 2021 Share Posted March 2, 2021 Slowly but surely, the major labels' dominance of Spotify is declining STILLZ / Bad Bunny was Spotify's most streamed artist globally in 2020 By 2030, some analysts suggest, Spotify will be worth more than $300 billion. But at this point, what percentage of plays on Daniel Ek‘s platform will be of music signed to and/or owned by major record companies? According to recent numbers issued by Spotify itself, perhaps less than you’d think. Spotify’s most recent annual financial report revealed the following piece of information: across the total volume of global music streams on Spotify in 2020, recorded music controlled by the three major record companies plus Merlin jointly claimed 78%. Full Story: https://www.musicbusinessworldwide.com/slowly-but-surely-the-major-labels-dominance-of-spotify-is-declining/ Link to comment Share on other sites More sharing options...
xn47140 Posted March 3, 2021 Share Posted March 3, 2021 Thanks for sharing, interesting story for a listener to mostly "independant" artists. Link to comment Share on other sites More sharing options...
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