Here’s a sentence we haven’t heard in awhile: The music industry is growing. During the first half of 2016, the industry saw an 8.1% increase in revenue, according to a recent report from the RIAA. Fueling this growth is a huge uptick in the number of people paying for on-demand music streaming services like Spotify and Apple Music. Subscription revenue in the first half of 2016 increased 57.4% over last year while digital downloads and physical album sales both continued to drop. All told, subscription services raked in $1 billion (this doesn’t include ad-supported streaming like YouTube and Spotify’s free tier).
collectionsInnovation FestivalCurrent Issue
World Changing Ideas
New workplaces, new food sources, new medicine--even an entirely new economic system.
The major tech ecosystems that battle for our attention and dollars.
What’s next for hardware, software, and services.
The brave new world of automation, from AI to drones.
How our urban centers are building toward the future.
Most Creative People
See members of our Most Creative People in Business community: leaders who are shaping the future of business in creative ways.
An award-winning team of journalists, designers, and videographers who tell brand stories through Fast Company's distinctive lens.