Today Spotify is home to over 400 million active users worldwide, more than double the number of listeners of its main competitors, Apple Music, and Amazon Music. The Great Streaming DebateĪrtists have caught on to how streaming services should be an integral part of their income, so rightfully they have begun questioning the revenue sharing system and ethics of the biggest player in the game, namely Spotify. The recovery has been driven, you might guess, by the streaming services, which now make up over 60% of the global recorded music revenues. Since 2015, the music industry has been gradually recovering after the digital revolution that took the industry by storm at the beginning of the millennium. With the constant decline in revenues from physical sales and performance rights, the debate on music streaming services and their role in the artists’ well-being is more heated than ever. While you’re here, also check out our research piece on the current streaming royalty stats for musicians.But due to a number of shortcomings, Tidal is now a higher-quality and more ethical alternative to Spotify.When it came out in 2006, Spotify essentially ended the digital piracy era of music.The debate on music streaming services is more heated than ever.
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