Why

Decreasing music sales

Only 1.1bn songs were bought through paid downloads in 2014, down 12% from 2013.

Unfair profit-sharing models

Artists receive a low percentage of sales from music-streaming sites.

Tough music market

Emerging artists need more exposure, with 77% of the market dominated by 1% of well-known names.

Market

$14.5bn

Predicted revenue of digital music worldwide in 2023, at a CAGR of 2.4% from 2019. 

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