Music Streaming App Revenue and Usage Statistics (2024)

Music streaming has its roots in the peer-to-peer file sharing industry. Napster, Limewire and BitTorrent were at the forefront of changing the way people thought about music, and while they only lasted a few years before being taken down for unauthorised use of copyright material, it moved the industry towards new forms of accessibility. Apple’s iTunes store and iPod launched in 2001 and the success of the device was seen as a potential step forward from Napster, which had been forcibly closed down that same year, however, the internet was still rife with free music downloaders. By the mid-2000s, Pandora and Spotify had both launched, which both tried to reshape the cost of music. Instead of paying for the song, Pandora and Spotify would pay … Continue reading Music Streaming App Revenue and Usage Statistics (2024)