How Significant Is the Music Industry's Rebound?
Last year saw an upturn in profits thanks to gains in streaming—but many more users will have to sign up in order for growth to continue.
Last week, the Recording Industry Association of America broke good news for the sector it monitors: Music revenues in 2016 were the highest they’ve been in eight years, and year-over-year gains of 11.4 percent were the largest percentage increase seen since 1998. This growth has been almost entirely driven by the rise of streaming, the technology long discussed as the potential savior of the beleaguered music business and that’s now, finally, maybe making good on its potential.
But there are some caveats. The music industry remains
