Every Day Major Music Companies Earn $10M Millon, Indies $5 Million In Streaming Revenue

With average payments hovering around $.00575 per play, its easily arguable that Spotify, Apple Music and others music streamers are not returning sufficient revenue to creators. But in aggregate, music streaming has quickly become a major source of revenue for both independent and major labels.

Note: Independent record labels represent 37.6% global recorded music market share according to a recent WIN study

Source: Hypebot, 8/3/16

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