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Senior executives from Spotify, Apple and Amazon were grilled live on camera by British politicians today in the final session of a UK Parliamentary inquiry into the economics of music streaming.
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With almost almost 30% market share overall, independent music is a music industry force to be reckoned with. But that share falls to below 20% on the major streaming services.
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Growth in streaming music is very strong, but it's not accelerating, according to a 2018 mid-year report from music industry analyst Mark Mulligan and his firm MIDiA. He shares the stats including a deeper dive into the three services driving the growth: Spotify, Apple and Amazon.
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