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

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. Continue reading [https://www.hypebot.com/hypebot/2015/05/spotify-says-its-responsible-for-10-of-all-us-label-revenue.html]

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.

________________________________

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.