Quote:
Originally Posted by StoryEnthusiast
This is really a disruptive era.
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And somebody is gunning for Itunes (though it is still a long way off)
Spotify Revenue:
2008: $0.612 million USD
2009: $18.1 million USD
2010: $99 million USD
2011: $236.4 million USD
2012: projected at $889 million USD
Spotify Is Now The Second Biggest Source Of Revenue For Labels—Source
Quote:
The No. 1 revenue source for labels is Apple's iTunes.
iTunes paid approximately $3.2 billion to record labels in 2011, Business Insider Intelligence estimates.
The gap between Apple and Spotify remains extremely large, our source tells us.
"iTunes is way up here," our source said, gesturing up high, "and everyone else is way down here."
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Itunes: $3.2 billion payment in 2011
Spotify: ~$600 million payment projection in 2012