A YouGov survey in the UK found out that music piracy fell from 18% in 2013 to a mere 10% in 2018. Illegal downloading was largely brought to an end after music fans realised that they can stream high-quality music for a few dollars a month. ![]() In commemoration of Spotify’s 15th anniversary, we’ll be exploring Spotify’s impact on the music industry through 13 features that the Spotify team has introduced to the world from their HQ in Stockholm. By the end of 2021, it will be available in more than 178 countries. With over 365 million monthly active users, including 165 million paying subscribers (till the end of June 2021), Spotify is the world’s leading streaming service. In this same year, paid subscription streaming grew 19.9%, hitting $13.4 billion. It was mainly driven by streaming: in particular, paid subscription streaming. According to the latest IFPI report, the total music industry revenue in 2020 was US$21.6 billion. ![]() Streaming brought about a certain kind of stability that wasn’t present in the 2000s. Piracy ran rampant – leading to a mentality that music shouldn’t be paid for. Peer-to-peer file-sharing platforms such as Napster and Limewire had a devastating effect on recorded music revenues, and music industry execs weren’t too happy about this. The noughties were characterised by a doom and gloom mentality that permeated the higher echelons of the music industry.
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