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State of the Music Industry 2024

State of the Music Industry 2024

The Music Industry in 2024: Navigating Growth, Challenges, and the Call for Tangible Solutions.

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State of the Music Industry 2024

The Music Industry in 2024: Navigating Growth, Challenges, and the Call for Tangible Solutions.

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State of the Music Industry 2024

The Music Industry in 2024: Navigating Growth, Challenges, and the Call for Tangible Solutions.

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The music industry experienced significant growth in 2023, driven largely by paid streaming subscriptions, which now make up nearly half of the global market. However, the industry remains a challenging field, with a stark disparity in streaming numbers and ongoing criticism of low payouts from streaming platforms. Artists and industry members also express concerns about the dominance of the "big three" streaming services and the potential impact of AI on music creation and impersonation.

The music industry experienced significant growth in 2023, driven largely by paid streaming subscriptions, which now make up nearly half of the global market. However, the industry remains a challenging field, with a stark disparity in streaming numbers and ongoing criticism of low payouts from streaming platforms. Artists and industry members also express concerns about the dominance of the "big three" streaming services and the potential impact of AI on music creation and impersonation.

The music industry experienced significant growth in 2023, driven largely by paid streaming subscriptions, which now make up nearly half of the global market. However, the industry remains a challenging field, with a stark disparity in streaming numbers and ongoing criticism of low payouts from streaming platforms. Artists and industry members also express concerns about the dominance of the "big three" streaming services and the potential impact of AI on music creation and impersonation.

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