Streaming is Dominating the U.S. Recording Industry
If there was ever any question as to why Apple might want to get into the streaming music market, the latest data from the Recording Industry Association of America (RIAA) may shed some light on that. Apple Music has an impressive subscribers list, based on the latest data. According to recent reports, dating back to May of this year, the music streaming platform has upwards of 50 million subscribers . Now, months later, that number has surely climbed. Especially as more free offerings pop up for users to try it out and see what they think. “The music streaming economy presents myriad new opportunities, but also its share of challenges too,” the RIAA writes. “According to Nielsen, more than 70,000 different albums were released by mid-year. Finding an audience amongst an extraordinary range of music choices, competing for the user’s attention against other entertainment options on the ubiquitous smartphone, and being prominent on dozens of different digital platforms is … c...