YouTube accounts for 47 percent of music streaming, study claims

People are streaming more music than ever. The problem for the music industry is that the majority of streamers are listening for free on YouTube.

A full 47 percent of global music consumption is now happening on YouTube, according to a new report published by the International Federation of the Phonographic Industry. The IFPI’s Music Consumer Insight Report 2018, which takes a look at the state of music consumption across the globe also found that more than half, 52 percent, of on-demand music streaming occurs over video.

While YouTube offers plans like YouTube Music for $9.99 and YouTube Premium for $11.99, paid audio services account for only 28 percent of on-demand music streaming. Free audio streaming accounts for 20 percent of on-demand play. Read more...

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from Mashable https://ift.tt/2A2wV0g