Three major music labels make $19 million a day from streaming while artists count their pocket change

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Streaming services are now paying out big money to the music industry’s gatekeepers.

According to a new report by industry news outlet Music Business Worldwide, the three major music labels made $6.93 billion combined from streaming in 2018. The publication poured through recent investor filings from Universal Music Group’s parent company Vivendi, Sony, and Warner and found that the companies are totaling $19 million in daily streaming revenue. 

Broken down even further, the trio of…

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