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Audio Streaming Is Growing MUCH Faster Than Video [CHART]
Competition in music streaming is coming from all sides with Amazon, Google and Pandora and more expanding their services to compete with Spotify and Apple Music. Despite the fact that most of these services currently loose money, explosive growth suggests a bright future ahead.
According to a new BuzzAngle report, on-demand audio jumped 82.6% year-over-year in 2016 to 250 billion total streams. That compares to on-demand video streams which went up just 7.5% year-over-year.