Streaming to account for 90% of consumer music spend by 2023
By 2023, the number of streaming subscriptions will exceed 425 million globally, and represent over 90 per cent of total consumer spend on recorded music, according to the latest Streaming Music Outlook & Service report from FutureSource Consulting.
2018 and the first half of 2019 have been marked by the continuous growth of global music streaming subscriptions, and this momentum is expected to continue in the short to medium term, says the market analyst.
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