Slowly but surely, the major labels' dominance of Spotify is declining

 

STILLZ /  Bad Bunny was Spotify's most streamed artist globally in 2020

 

By 2030, some analysts suggest, Spotify will be worth more than $300 billion.

 

But at this point, what percentage of plays on Daniel Ek‘s platform will be of music signed to and/or owned by major record companies?

 

According to recent numbers issued by Spotify itself, perhaps less than you’d think.

 

Spotify’s most recent annual financial report revealed the following piece of information: across the total volume of global music streams on Spotify in 2020, recorded music controlled by the three major record companies plus Merlin jointly claimed 78%.

 

Full Story: https://www.musicbusinessworldwide.com/slowly-but-surely-the-major-labels-dominance-of-spotify-is-declining/

Thanks for sharing, interesting story for a listener to mostly "independant" artists.