December 2, 2022
Music Streaming Services Collectively Surpass 100,000 Daily Uploads - EDM.com


It’s hardly a secret that the future of music commerce lies in streaming, but the numbers continue to bear this out in ways that can’t help but become cause for reflection.

According to industry experts, over 100,000 tracks are now being uploaded to streaming platforms each and every day. This jaw-dropping figure was most recently cited by Sir Lucian Grainge, Universal Music Group’s CEO and Chairman, who mentioned it will addressing attendees of the Music Matters conference in Singapore.

There’s a lot that could be said about the scale of music streaming today and how it has empowered the independent creator to directly reach consumers. But as Music Business Worldwide points out, Grainge argued that this milestone arguably makes the label a more important part of the equation.





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *