Too Long; Didn't Read
Overall music consumption in the first half of 2018 hit the highest peak the industry had experienced for the prior 15 years. Total streaming revenue increased by an incredible 34% in 2018. But recent reports indicate a slowdown in overall global streaming revenue growth. Streaming Revenue Growth Slowed by 19.1% Year-Over-Year in 2019, CTA report says. Netflix’s international expansion has been a major driver of growth in recent years, enabling the streaming giant to hit 150 million paid subscribers in the last quarter.