Taylor Swift denied songs like Bad Blood to Spotify listeners in 2015, but streaming still drove the market to grow by a 15-year high.
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Remember 2015? When we were all had bad blood and couldn't feel our faces when we were uptown funkin'? Tus out 2015 was the most successful year the music industry has seen in 15 years, according to new figures.
That's in terms of growth, anyway: people don't spend anywhere near as much on music as they did in the heady days of the early 2000s before digital music, piracy and streaming tued the market upside down. But the amount of money music fans are spending is growing -- and in 2015, the industry grew by 5 per cent, taking revenue to almost $19 billion.
Those figures come from industry analysts Futuresource, which analysed revenue from "packaged" sales, of CDs, vinyl and other physical media, as well as subscription services like Spotify and Apple Music, and pay-per download outlets like iTunes.
Revenue from streaming music subscription services, given a boost by smartphone use, provided the driving force of the year's growth. Streaming revenue shot up by 70 per cent in 2015 to account for a quarter of the market. In the US, 70 per cent of music revenue came from streaming -- and in Sweden, birthplace of Spotify, it was a whopping 85 per cent.
But streaming hasn't been fully embraced by the whole world just yet: music fans in Germany and Japan, for example, still spend most of their money on CDs.
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