Entertainment The Music Industry’s Revenue Increased By $1.4 Billion in 2017 Published 3 years ago on April 24, 2018 By The Terrorist!. After some particularly abysmal years of record sale declines, financial analysts have revealed that the music industry’s profits increased by $1.4 billion throughout 2017. This is solely credited to the continued adoption of streaming services as the method du jour of consuming musical content. Download & Install The New ANE Android App To Your Device Hello!! Have you heard about the deadly virus called Coronavirus? No? See What It Is & How To Prevent It Here. Also Stay Connected & Get Latest Updates On Coronavirus Here. Please be safe! We LOVE You. As a whole, revenues were able to reach $17.4 billion, which is slightly behind 2008’s net cume of $17.7 billion, a total that would have been bolstered by traditional album and single sales instead of streaming figures. The industry has been able to adapt to changing times, but it is still unclear what percentage of the $17.4 billion is paid to artists, as several are still complaining that they are earning far less because of this widespread shift in consumption habits. As a result, streaming accounts for 43% of all revenues, which is impressive for the relatively young phenomenon. However, in an age where content must be available en masse, it’s fitting that services such as Spotify and Apple Music are satiating a consumer’s appetite for expansive music libraries and playlists. INSTALL: All Naija Entertainment App Into Your Android Device DON'T MISS: Dwayne Johnson (The Rock) Never Kissed In Films Nor Had S*x In A Movie. Is It True? 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