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Is Spotify Generating More Music Royalties Than ITunes?

In the last quarter, in fact, royalty revenue from Spotify streams were 13% higher on average than revenue from Apple’s iTunes, according to Kobalt, which collects music royalties for top artists. “The numbers support findings reported in the Wall Street Journal last month noting that iTunes music sales are down about 13% this year,” TechCrunch reports. “iTunes is still a massive business -- up $300 million to $4.6 billion in sales in the last quarter.”

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