The Music Industry Expects a Windfall. Where Will the Money Go? | Pitchfork

With streaming poised to infuse billions of dollars into the record business, artists are once again hoping to get their fair share.

"Since Universal acquired EMI in 2012, the majors are down to just three. One is Universal Music Group, which generated $7 billion in revenue in 2018 for French media conglomerate Vivendi. Another is Sony Music, which brought in $3.8 billion in 2018 for parent company Sony. The third is Warner Music Group...

With streaming poised to infuse billions of dollars into the record business, artists are once again hoping to get their fair share.

"Since Universal acquired EMI in 2012, the majors are down to just three. One is Universal Music Group, which generated $7 billion in revenue in 2018 for French media conglomerate Vivendi. Another is Sony Music, which brought in $3.8 billion in 2018 for parent company Sony. The third is Warner Music Group...