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RIAA CEO Vents Against YouTube and Spotify In Latest Report

The numbers are in on the US music industry’s 2015 revenue. According to the Recording Industry Association of America (RIAA), while revenue in general rose by 0.9%, “the consumption of music is skyrocketing, but revenues for creators have not kept pace.” That’s largely thanks to YouTube and Spotify, as streaming services generated $385 million compared to the heftier $416 million generated by vinyl sales. CEO Cary Sherman is calling this a “value grab” by technology companies “enriching themselves at the expense of music-makers.” Read the full report here, then see what two technologists had to say on what comes after SoundCloud.

(via FACT)

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