Don’t let Pandora and SoundCloud fool you: music streaming is alive and well in Australia

The US music streaming giants are jumping off the good ship Australia, but don’t take that as a sign streaming music is struggling, argues Steve Hughes.

Pandora and SoundCloud have now shut up shop in Australia. Both offerings had a number of local high-profile staff and the services seemed to be doing well from the outside.

Last year Pandora even launched its first warehouse event, and this year announced the opening of genre sponsorships. The announcement of the departure of both is very unfortunate, but not completely surprising. Despite this, the streaming music market is still in great shape.

Of the Australian streaming music market, well, it’s in rude health. According to MIDiAs State of the Streaming Nation 2017 report, music streaming revenue in Australia grew a staggering 90.5% in 2016, and now makes up 38.5% of the overall market by revenue.

Pandora exits the stage

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