Music Labels Finally Hear the Sweet Sound of Success – Wall Street Journal

The nearly 20-year depression in the music business is finally over. And while the likes of streaming services such as Spotify may have disrupted the industry, it is the long-suffering record labels who are eating their lunch.

Global music sales grew 3.2% last year, the biggest increase since 1998, when people were listening to Britney Spears on CDs. The music industry shrank almost every year in between. CD sales and digital…

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