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Streaming Seen As The Key To Music's Growth

09/14/2016
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Radiohead

(TeamRock) Revenue from music streaming grew in the UK by 49% last year while overall music sales and money raised through live shows fell. A report by Measuring Music for the industry's umbrella group UK Music shows that streaming revenue brought in 251million in 2015 via services such as Apple Music, Spotify and Deezer. Measuring Music say streaming is "the key to renewed and continued growth for British music and its artists globally."

The report also reflects on YouTube's rate of pay to artists, which has come under fire from various rock groups this year - most notably Sixx AM, Radiohead and Anthrax.

UK Music Chief Executive Jo Dipple says: "The YouTube model, despite its reach, is yet to deliver fair financial returns for rights owners and creators." Read more here.

TeamRock is an official news provider for antiMusic.com.
Copyright TeamRock - Excerpted here with permission.

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