In terms of both dollar and percentage increases, last year’s growth was the lowest since 2016.
Apple TV+'s global music competition series debuts on March 24.
Classic albums like Doggystyle and All Eyez on Me are back following the sale of a stake in Death Row to Larry Jackson's new music company gamma.
Vinyl generated more money than CDs for the first time in over three decades, though overall revenue from physical formats declined.
Digging deep into the numbers of the annual report covering the U.S. recorded music business.
Outgoing chief Michael Weissman is leaving the company, while Fred Wilson will replace founder Alexander Ljung as chairman of the board.
The service will launch in late March with the world’s “largest classical music catalog” boasting over 5 million tracks.
The average number of paid subscriptions reached 92 million, helping buoy the industry to a seventh straight year of growth.
During an appearance at a Morgan Stanley conference Wednesday, Robert Kyncl said companies that haven't raised prices are contributing to the undervaluing of music.
The Middle East-based music streaming company says it expects to become profitable later this year.
