The music industry is famous for being hyper-competitive, but in the summer of 2019, the biggest companies — from major labels to streaming services — briefly united around a common cause: signing a code of conduct condemning streaming manipulation, a practice that inflates artists’ numbers on platforms like Spotify and …
Read More »Social Media, Not Streaming, Is the Music Industry's Future
What’s the fastest-growing profit center in the record business? For years, there’s been one easy answer: streaming. Yet that’s not the case anymore, according to someone in the know — Steve Cooper, the CEO of Warner Music Group. Warner generated over $3.8 billion in recorded music revenues in the last …
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