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Apple's Music is lifting the earnings of record labels

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Published on Sep 21, 2016

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According to the latest data published by Bloomberg, Apple's Music is having a great impact on the profitability of record companies.

To understand how Apple's Music is contributing to the growth of the music industry, thanks to the Apple platform was recorded the first annual growth since 1998-99. They were almost 20 years, and then, the music sector did not record a year in growth compared to the previous one.

The music sector has grown by 8.1% in the first six months of 2016, for a sum of 3.4 billion dollars. 1999 was the last year that it has registered a growth of this type, since the arrival of Napster did kill the revenue of most of the record companies. Not even the arrival of iTunes managed to raise the earnings of the music industry as it is doing today, Apple's Music.

Link to the original article: Apple's Music is lifting the earnings of record labels

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