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Music Business Posts Promising Growth

  • Bloomberg, Tuesday, September 20, 2016 2:01 PM
After a long, painful decline, the music business is actually experiencing something of a recovery, Bloomberg Technology reports, citing fresh data from the RIAA. “The music business is enjoying a fragile recovery thanks to the growth of paid streaming services like Spotify Ltd. and Apple Music,” Bloomberg writes. “Retail spending on recorded music grew 8.1 percent to $3.4 billion in the first half of 2016.”

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