The most recent data shows that we get more music, and the industry makes more money from it, through "access" models than through "ownership." The largest chunk of that revenue comes from on-demand streaming services like Spotify, Apple Music, Amazon Music Unlimited, and TIDAL, which let users pick the exact music they want to hear. Other digital music models also fall under the access umbrella, such as AM/FM radio streams, pure-play Internet radio (e.g., Pandora or iTunes Radio), satellite radio (Sirius XM), and music channels on cable TV. Total U.S. music publishing revenue is only about one-third of revenue from music recordings.) But in general, both broadcast and Internet radio don’t offer as much engagement with music as on-demand access does (e.g., radio is often on in the background).

Source: Forbes April 17, 2017 15:56 UTC