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YouTube Driving Global Consumption of Music

If you are listening to music, chances are you're on YouTube. A music consumer report by the industry's global body IFPI published Tuesday found that 86 percent of us listen to music through on-demand streaming. And nearly half that time, 47 percent is spent on YouTube. Video as a whole accounted for 52 percent of the time we spent streaming music, posing challenges to such subscription services as Spotify and SoundCloud. But while Spotify's estimated annual revenue...

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