Report: Spotify Now The #2 Digital Revenue Source For Labels
June 27, 2012 at 7:14 AM (PT)
BUSINESSINSIDER.COM reports the on-demand music service SPOTIFY "is now the #2 revenue source for the major music labels", with APPLE's iTUNES remaining #1.
"iTUNES paid approximately $3.2 billion to record labels in 2011, BUSINESS INSIDER estimates.
The distance between the two is quite large, says the report, with a source telling BUSINESS INSIDER, "iTUNES is way up here," gesturing up high, "and everyone else is way down here."