Rapid growth in revenue from streaming music is forcing players in almost every sector of the music industry to rethink both their short and long term plans. For proof, one need to look no further than Apple’s rumored $3.2  billion purchase of Beats.  It’s likely not the only reason for the acquisition, but a Beats buy would jump start Apple’s come-from-behind effort to get into the streaming music game. This chart from Statista tells it all:

image from static4.businessinsider.com

 

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