Paid streaming set to overtake free music services for first time

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"2">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>Paid music streaming looks set to overtake free services for the first time later this year&comma; as more people opt to pay for the likes of Spotify and Apple Music&period;<&sol;p>&NewLine;<p>Experts believe that streaming has made it fashionable to pay for music again&comma; with the latest numbers from November 2018 showing 20&period;6&percnt; opting to pay&comma; up from 18&period;3&percnt; the year before&period;<&sol;p>&NewLine;<p>At the same time&comma; free streaming – either through services that use adverts&comma; as part of a free trial or with a family license paid for by someone else – is gradually decreasing&comma; currently standing at 21&period;5&percnt;&comma; down from 21&period;7&percnt; previously&period;<&sol;p>&NewLine;<blockquote><p>These figures suggest that music fans increasingly believe that the added features offered by paid-for services&comma; and the curation which enables them to navigate literally millions of tracks&comma; are definitely worth the money<&sol;p><&sol;blockquote>&NewLine;<p>The figures&comma; based on a panel of 1&comma;500 people quizzed by the Entertainment Retailers Association &lpar;ERA&rpar;&comma; show a narrow 0&period;9&percnt; gap between paid and free&comma; indicating a possible victory for paid-for services by the end of 2019&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Ten or 15 years ago popular opinion had it that it was all over for the music business and people would no longer pay for music&comma;” ERA chief executive Kim Bayley said&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;These figures are a striking vindication of the innovation and investment of digital services&period;”<&sol;p>&NewLine;<p>The data shows that more men are already choosing to pay for streamed music instead of free services&period; Women still prefer free streaming&comma; but the number has fallen 2&period;6&percnt; since 2017&period;<&sol;p>&NewLine;<p><a href&equals;"https&colon;&sol;&sol;londonglossy&period;com&sol;wp-content&sol;uploads&sol;2019&sol;02&sol;DB71FDB2-771B-4787-A800-851C1F6ED575&period;jpeg"><img class&equals;"aligncenter size-full wp-image-125405" src&equals;"https&colon;&sol;&sol;londonglossy&period;com&sol;wp-content&sol;uploads&sol;2019&sol;02&sol;DB71FDB2-771B-4787-A800-851C1F6ED575&period;jpeg" alt&equals;"" width&equals;"600" height&equals;"399" &sol;><&sol;a><&sol;p>&NewLine;<p>In terms of age&comma; under-25s are most likely to use a paid subscription compared to any other age group&period; Under-25s reported a sharp 18&period;3&percnt; drop in usage of free streaming music services from November 2017 to November 2018&period;<&sol;p>&NewLine;<p>Those aged 25 to 34 are also already using paid options more than free&comma; with the gap narrowing for 35 to 44-year-olds and 45 to 54-year-olds&period; Those aged 55 and over are most likely to go for free music at 14&period;90&percnt;&comma; compared to 7&period;20&percnt; who pay&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;What is all the more remarkable is that the likes of Spotify and YouTube also offer fantastic free services&comma; funded by advertising&comma;” Ms Bayley added&period;<&sol;p>&NewLine;<p>hese figures suggest that music fans increasingly believe that the added features offered by paid-for services&comma; and the curation which enables them to navigate literally millions of tracks&comma; are definitely worth the money&period;”<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68e30dfde6a89">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; 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