Streaming Music Industry Generating Over $1 Billion This Year

Sep 8, 2014 midia reasearch, pandora, spotify, 0 Comments


Midia Research reports that the streaming music industry is at a pace to generate over $1 billion in revenue this year.

While digital music sales are certainly keeping music labels happy, they’re still trying to figure out how to get more out of ad-supported free streaming music sites, like Pandora, YouTube and SoundCloud. Ads on those sites produce about 10 percent of the revenue per user that subscription businesses do.

Obviously, when a user is able to listen to whatever song he wants to on a streaming site, that person is less inclined to buy music.

Streaming Music Industry - Survey Midia research

Midia also reports that since just 25 percent of consumers pay more than $10 for music over the course of three months, it’s hard to imagine people paying $10 a month for unlimited music. That’s the goal of many of these sites, including YouTube, who recently announced they’ll be offering a music subscription service.


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David Gonos has been writing online for over a decade, and he has been published on websites like CBSSports.com, FOXSports.com, MLB.com, NFL.com and SI.com. He discusses fantasy sports, television, beer, traveling, music, movies and food on his own website, when he's not at his day job, working as the content manager for DigitalLanding.com.

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