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1 Music Stock to Buy and Hold for the Long Term [Yahoo! Finance]
Last amazon.com, inc. earnings: 4/30 04:01 pm
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That's up from the 9% boost the industry experienced the previous year. Unsurprisingly in this digital age, the bulk of the growth came from streaming. Revenue from streaming subscriptions increased 11.2% and accounted for roughly half of total music revenue. The reigning king of streaming is undeniably Spotify (NYSE: SPOT) , which commands 31.7% of the global streaming subscription market. Apple Music and Amazon Music have market shares of just 12.6% and 11.1%, respectively. Spotify's rise Spotify launched its namesake platform in 2006 as a free, legal alternative to the all-too-common practice of pirating music. Spotify leveraged the "freemium" model, in which a free product is offered to get people in the door and income is generated from persuading users to upgrade to a paid version. One of Spotify's early differentiators was its use of algorithmic music suggestions. The app learns a user's taste and tailors unique playlists for them. This is still one of Spotify's defin
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