Like countless other people around the globe, I stream music, and like more than six hundred million of them I mainly use Spotify. Streaming currently accounts for about eighty per cent of the American recording industry’s revenue, and in recent years Spotify’s health is often consulted as a measure for the health of the music business over all. Last spring, the International Federation of the Phonographic Industry reported global revenues of $28.6 billion, making for the ninth straight year of growth.
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