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Spotify Says It's Responsible For 10% Of All U.S. Label Revenue

10%Spotify claims to have been responsible for 10% of all U.S. record label revenue in the first quartet of 2015. The stat came from Will Page, Spotify's director of economics during the Music Biz Conference in Nashville this week.  

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It's a bold claim, not entirely supported by publicly available IFPI data, who put streaming income from all services at 10.2% of U.S. label revenue.

But whether the claim is based on insider information or a bit of numerical wizardry,  it illustrates how rapidly the landscape is shifting and how important Spotify has become. 

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