2 ms·
FAANG already haven't bought or started competitors to the record labels they resell in their music stores. Don't see why they'll start now.
by astrange 3y ago
FAANG already haven't bought or started competitors to the record labels they resell in their music stores. Don't see why they'll start now.
- ben_w 3y agoI just looked it up because I have no idea how big the music industry is, and… US$26.2 billion globally in 2022 according to IFPI, and US$31.2 billion according to Statista. Other than Netflix, I think FAANG just doesn't care that much about such a small market (the market being "actually producing it", given they're already part of the previous numbers for selling and streaming it). And of course, both A's and the N of FAANG have their own commissioned TV/film content.