Apple Music tells Billboard that it now counts well over 30 million paying subscribers, helping fuel a 17 percent revenue jump for the U.S. recorded-music business in the first half of 2017 over the same period a year ago, according to the RIAA. Meanwhile, Goldman Sachs issued a report in August predicting that subscription streaming would drive the global record business to nearly triple to $41 billion by 2030.
“I don’t believe that what exists right now is enough.” Jimmy Iovine, who runs Apple Music. “I believe we’re in the right place, we have the right people and the right attitude to not settle for what exists right now.” But ultimately? “Just because we’re adding millions of subscribers and the old catalog numbers are going up, that’s not the trick. That’s just not going to hold.”
Jimmy Iovine, creative director Zane Lowe, and head of content Larry Jackson were recently interviewed by Billboard about "what streaming has to become". Hit the link below for the interview...