Welcome to our Spring 2025 Insight report, which analyses the music streaming ecosystem.
The last 12 months have been both breathless and contrary for the DSPs that define the music streaming industry: a slowdown in growth, coupled with further expansion into new territories; disputes with rightsholders, yet record royalty redistribution; higher subscription fees at the same time as increased competition; and redoubled efforts to combat fraud whilst scammers continued to find ways to leech money.
In this report, we look ahead and consider what might happen next.
As ever, we’ve split this report into a few sections to analyse it all in a few different ways:
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