Too Long; Didn't Read
Global recorded music revenues reached $17.4 billion in 2017, putting it just below 2008’s $16.7 billion. Most of the decline in recorded music revenue over the past 10 years has now been reversed. Spotify CEO Daniel Ek said: “We’re not in the music space — we're in the moment space’. This implies that music could become a sequence of brief, discontinuous moments, like quick-fading Snapchat pictures. It also means that challenging and/or avant-garde music becomes less worthy one's ears according to a platform.