Apple’s deal is the latest move by a major music company to bolster the struggling business.
Apple Music is the latest company to offer industry relief amid the coronavirus pandemic. It told independent record labels Tuesday that it is launching a $50 million advance royalty fund to make sure their artists get paid.
Lil Nas X, Billie Eilish, Post Malone, and Ariana Grande were among the most popular streaming artists of the year
In 2019, U.S. listeners passed the trillion-stream mark for the first time, according to Nielsen’s annual year-end report on the music industry. There were 1.15 trillion audio and music video streams in 2019—up 29.3% from 887.4 billion streams in 2018. Read the full report via Billboardhere.