Apple Music makes music industry money from streaming

Although the company that Tim Cook runs since Steve Jobs' death has achieved more important feats, I have to admit that I never imagined that success would come so soon to Apple Music. We are already more than 17 million (10 million downloads of the application on Google Play) who are subscribed to the streaming music service of those from Cupertino, but that is not the best: the most important thing for the music industry is that they have started to monetize streaming content.

La noticia It was given yesterday by Bloomberg, who cites a report by the Recording Industry Association of America that assures that in the first half of 2016 the profits have increased by 57%. Keep in mind that Apple Music arrived last summer and since then users have begun to assess the possibility of paying a fixed price per month to be able to listen to all the music on a platform, something that Spotify has also benefited from.

Apple Music, a source of joy for the music industry

According to the report, music streaming services are finally making money from the music industry. Thanks to this growth, the music industry may see a growth for the second year in a rowSomething that hasn't happened since 1998 and 1999. Right now, music streaming is bringing the music industry roughly 50% of all its profits, soon to be said.

To assess the importance of the arrival of Apple Music in this sector, Spotify, the king of this type of content, had 20 million paying subscribers last summer, a figure that has doubled and reached the 40 million after the launch of the Tim Cook and company proposal.