# The music industry is suffering from a streaming hangover

**URL:** <https://minxmafia.discourse.group/t/the-music-industry-is-suffering-from-a-streaming-hangover/839>\
**Category:** Music Business\
**Created:** [August 22, 2024, 12:47am UTC](https://minxmafia.discourse.group/t/the-music-industry-is-suffering-from-a-streaming-hangover/839 "2024-08-22T00:47:38Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![minx](https://yyz2.discourse-cdn.com/free1/user_avatar/minxmafia.discourse.group/minx/32/2694_2.png) [@minx](https://minxmafia.discourse.group/u/minx)\
**Post date:** [August 22, 2024, 12:47am UTC](https://minxmafia.discourse.group/t/the-music-industry-is-suffering-from-a-streaming-hangover/839/1 "2024-08-22T00:47:38Z")

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Good opinion article right [here](https://www.ft.com/content/4b746304-d67f-404f-9357-89b4459dd7f7)

Long story short, Wall Street has recently acknowledged a significant slowdown in streaming growth, a trend already evident to those in the music industry. Universal Music’s recent report of reduced streaming revenue growth led to a sharp drop in its market valuation. Despite this, Universal’s overall revenue grew by 9% due to strong physical music sales, like vinyl records. While streaming remains a crucial revenue source, its growth has plateaued in saturated markets like the US, and competition from other services like Amazon’s music has intensified. Universal is working on new strategies, including a super-premium subscription tier on Spotify, to reignite growth. Although the industry faces challenges, it is still in a better position compared to other entertainment sectors, and Universal is optimistic about future prospects.

![Money Run GIF by Juan Billy](https://global.discourse-cdn.com/free1/uploads/minxmafia/original/2X/a/af9f03aa72d182d2945fb1b84af975dd1fe55a37.webp)

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**Author:** ![seer121](https://avatars.discourse-cdn.com/v4/letter/s/f0a364/32.png) [@seer121](https://minxmafia.discourse.group/u/seer121)\
**Post date:** [October 5, 2024, 1:13am UTC](https://minxmafia.discourse.group/t/the-music-industry-is-suffering-from-a-streaming-hangover/839/2 "2024-10-05T01:13:34Z")

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Ma’am where is life support or eject button for steaming  
So so tired 👽🤟