Sep 25, 2018

Subscriptions dominate streaming

Adapted from RIAA; Chart: Andrew Witherspoon/Axios

Streaming revenues have reached an all-time high as more people pay for services like Spotify and Apple Music. Those types of services made up roughly 75% of all U.S. streaming revenue in the first half of this year, according to the latest estimates from the Recording Industry Association of America.

Why it matters: While the streaming economy has been a steal for consumers who can get access to millions of songs on-demand for less money per month than the cost of a CD-ROM, it's been difficult for rights holders and musicians, which is why so many of them lobbied for MMA.

"Having one place where everybody gets paid and listed is huge step forward for the industry, but it's also a huge step backward for people who’ve been exploiting musicians for years, like streaming services."
Ross Gerber, co-founder, president and CEO of Gerber Kawasaki Wealth and Investment Management and a musician

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Apple says its software business is booming

Illustration: Rebecca Zisser/Axios

Apple on Wednesday said that its services business, which includes software for things like news, gaming, apps, music and video, had its best ever year in 2019.

Why it matters: Apple has been focusing on growing its services business as iPhone sales have drooped.

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Apple bets big on Tinseltown's top talent

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Apple's new streaming service is only beginning to take shape, but already the tech giant has signaled that it's willing to spend big to lure Hollywood's top talent to be a part of it.

Why it matters: Analysts have for years predicted that Apple, with lots of free cash flow, would one day buy a content company like Netflix or HBO to fulfill its streaming ambitions. But Apple's recent investments in individual producers, actors and directors suggest the Silicon Valley titan is heading in a different direction.

Go deeperArrowJan 3, 2020

The stock of the decade: Netflix

Illustration: Sarah Grillo/Axios Visuals

Netflix's 4,181% return from 2010 to the present makes it the S&P 500's best performer of the decade, CNBC reports.

The big picture: Netflix was the catalyst for the now-ubiquitous streaming wars that have overloaded dozens of major platforms with live and on-demand video.