Spotify Is Now Worth More Than The Entire US Music Industry

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The streaming service is now valued at a cool $8.4 billion

Who buys music anymore these days? It’s two thousand and seventeen mate! Record labels who previously relied on album sales now have to generate profits from touring and merchandise as a response to pirating of music and streaming services which have cornered the market.

Speaking of, music giant Spotify have just been valued at a cool $8.4 billion after a recent deal for an extra $400 million in funding which means they are valued more highly than the entire American music industry. read more at esquire.co.uk

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