Apple Music and other streaming services’ growth may have slowed down, world’s biggest music label claims
By
Isha Sharma
Universal Music Group (UMG), the world’s largest music label, has publicly acknowledged a slowdown in subscriber growth for music streaming services like Apple Music. While the label believes this is a temporary setback, industry analysts suggest it may signal a more permanent shift in the market. The music industry is facing new challenges as it transitions from a period of rapid expansion.