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T3
T3
Technology
Carrie Marshall

The music industry wants you to pay more for your music

Spotify

You've got to love the music business. Fresh from reporting a massive $26 billion in global music revenues, the highest level since records began back in the 1990s, the music industry has concluded that this means everybody should pay more for the best music streaming services.

Streaming accounts for 67% of the money flowing into the mainstream music business, and according to industry body the IFPI the number of people paying for streaming music subscriptions was up from 523 million in 2021 to 589 million people in 2022.

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