GALA MUSIC: Redefining the Music Industry with Web3
Presently, there are an estimated 616 million music streaming subscribers globally. As of 2022, the total annual revenue from global music streaming reached $43.3 billion, marking a growth of over 2000% from $1.9 billion in 2012. The past decade has shown a Compound Annual Growth Rate (CAGR) of 36.7%, highlighting the immense expansion of music streaming platforms. Among these platforms, Spotify stands as the most favored music streaming platform, boasting 551 million Monthly Active Users (MAU) as of June 30, 2023, with 220 million being paid subscribers. Other popular platforms include Apple Music, Amazon Music, Tencent Music, and YouTube Music.
GALA MUSIC2023/12/12 08:51
