Entertainment The Music Industry’s Revenue Increased By $1.4 Billion in 2017 Published 11 months 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.DON'T MISS: Download & Install All Naija Entertainment App Into Your Android 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. READ ALSO BBNaija 2018: Check out the voice behind Big Brother Naija 2018As 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. Subscribe To ANE Talk Trends On Youtube Subscribe To All Naija Entertainment On Youtube Get More Stories Like This On: Facebook: @AllNaijaEntertainment, Twitter: @AllNaijaEntertainment Quick Reach: Our Service Improvement, Advertise With Us, Send Us Enquiries & Press Releases Related Posts:DWAYNE JOHNSON: Complete Biography, History, Family, State Of Origin, Birth And Throwback Photos Of Dwayne JohnsonSpotify files complaint against Apple in Europe over ‘unfair’ fees and restrictionsHow To Become A Succesful Good Fashion Designer, Tailor, Sell Materials, Tools in NigeriaDAGRIN: Complete History, Biography, Family, State Of Origin, Birth And Throwback Photos Of Olaonipekun Oladapo Olaitan (Dagrin)JOEL ANTHONY: Complete Biography, History, Family, State Of Origin, Birth And Throwback Photos Of Joel AnthonyApple returns iPad Air with new 10.5-inch display and Apple Pencil supportSamsung unsettles Apple with folding smartphoneBuhari, Atiku’s battle for Nigeria enters new phase[Music] Westlife – How To Break A HeartFrance reveals new tax for Google, Facebook, others increasedMusic Industryrevenue Advertisement Click to comment Leave a Reply Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website Search Latest Popular News15 hours ago BREAKING: Tribunal Declares Ademola Adeleke Winner Of Osun Governorship Election! Sports17 hours ago Chelsea Preparing To Terminate Higuain’s Deal Sports17 hours ago Cristiano Ronaldo Pays Hefty Fine After Goal Celebration Against Atletico Madrid News17 hours ago Over 3.6m Nigerians In Need Of Water, Sanitation Services – UNICEF News17 hours ago “I Will Correct Lapses Of My First Tenure” – Buhari News17 hours ago Burundi Schoolgirls Jailed For Scribbling Over President’s Picture News17 hours ago Herdsmen Allegedly Kills A Lecturer News18 hours ago Man Jailed For Raping Teenage Girl In Abuja News18 hours ago Woman Raises Alarm Over Vulnerable Girl Being Used By Area Boys In Festac News18 hours ago Nigeria More Divided Than During Civil War — Obasanjo Job Vacancy1 week ago JOB: 2019/2020 NNPC Recruitment Application Form and Application Guide Music1 week ago [Music] Teni – Party Next Door (Prod. By JaySynths Beatz) Music7 days ago [Music] Westlife – How To Break A Heart Music1 week ago [Music] Kizz Daniel – Fvck You (Prod. By Young John) Music1 week ago [Music] Young Thug – “Lady” Feat. Davido Music1 week ago [Music] DJ Xclusive – “Gbomo Gbomo” Feat. Zlatan (Prod. By Rexxie) News1 week ago New Zealand: Many killed in ‘terrorist’ attack on mosques in Christchurch [VIDEO] Stories1 week ago [STORY] ZADIRA – Another Love Journey (Episode 20) Entertainment2 days ago Someone Tried To Kill Nicki Minaj’s Husband’s Other Woman [PHOTOS] Education1 week ago 1600 NYSC corps members pass out in Kogi on low-key You May Also Like Entertainment2 days ago Someone Tried To Kill Nicki Minaj’s Husband’s Other Woman [PHOTOS] Entertainment2 days ago Check Out Wizkid’s Exciting Teaser For Upcoming Collaboration With Teni News17 hours ago Burundi Schoolgirls Jailed For Scribbling Over President’s Picture Entertainment2 days ago Here Are Nigerian Songs With ‘Black Panther’ Star, Winston Duke’s Seal Of Approval Technology2 days ago Nigeria to hit 70% broadband penetration by 2024 – NCC Technology2 days ago What Age Should A Child Start Using Smartphone? Let’s See! News17 hours ago Over 3.6m Nigerians In Need Of Water, Sanitation Services – UNICEF Health2 days ago How Can Poor Sleep Lead To Heart Disease And Death? Check Out!!