65th Grammy Awards: Here’s are some eye popping streaming statistics

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65th Grammy Awards: Here’s are some eye popping streaming statistics
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The Weeknd has the most streamed song on Spotify

With the 65th Grammy Awards in Los Angeles on Sunday, Feb. 5, here’s a look at how we get our music these days:.Today, 68% of adults use a music streaming service of some kind. According to Global Web Index, Gen Z leads the way with the highest average streaming times, accessing their favorite tracks across multiple platforms.Streaming platforms are web-based services that allow users to listen to high-definition music without having to download and store large files.

In 2021 paid subscription format accounted for 57% of total revenues with $8.6 billion of a $15 billion total.In the 1970s, vinyl sales were 66% of all music format revenues. But by the 1990s, sales dipped to less than 10 million units and 0.1% of market share.In 2021, an estimated 17 million units were sold and vinyl was 6.9% of total revenue.The basics of music streaming were laid in 2001 by peer-to-peer file sharing system Napster. Apple’s iTunes followed a couple of years later.

The Weeknd’s song, with 3.3 billion streams, has been out 1,169 days. On average, to be the most streamed song on Spotify, it has been streamed 2.82 million times per day or 117,621 streams an hour. Spotify keeps a playlist of nearly all songs with more than 1 billion streams. As of this month, at least 357 songs have reached the milestone.

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