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Birthday : 08/11/1957
Place of birth : Tosu - Japan
Biography : Mr. Masayoshi Son is Chairman at ARM Holdings Plc, Chairman at Supercell Oy, Chairman at Sprint Corp
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Apple : Subscriptions Drove U.S. Music Sales Up 11% in 2016

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03/30/2017 | 08:29pm CEST
By Hannah Karp 

The music industry's recovery continued in 2016, as subscription services helped revenues rise more than 11% in the U.S., and executives hope there is plenty more room for growth.

At $7.7 billion, the 2016 total was still about half its peak in 1999, before music sales were decimated by online piracy and other problems.

In a milestone, music-streaming companies such as Spotify AB and Apple Inc.'s Apple Music generated the bulk of record companies' revenues for the first time last year, according to new data from the Recording Industry Association of America.

These services, which typically charge about $10 a month for unlimited, on-demand access to tens of millions of songs, now count more than 22 million subscribers in the U.S. and accounted for more than 51% of the industry's revenue in 2016, up from 34% in 2015.

The growth in streaming revenue outweighed ongoing declines in CD sales and digital downloads, with sales of digital albums and singles declining 22%, faster than they ever have before.

The RIAA's chairman and chief executive, Cary Sherman, wrote in a blog post that despite the solid growth in 2016, "our recovery is fragile and fraught with risk," and questioned whether streaming revenues will continue to grow fast enough to offset continuing losses in CD and download sales.

One threat to subscription streaming's growth, Mr. Sherman wrote, is Alphabet Inc.'s YouTube, which offers free, on-demand music to its more than 1 billion users. Though YouTube has said it has paid more than $4 billion of its advertising revenue to the music industry since the video platform launched a decade ago, record labels have voiced frustration that it pays far less per stream than do paid services while competing with them for fans attention.

YouTube didn't immediately respond to a request for comment.

Write to Hannah Karp at hannah.karp@wsj.com

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Latest news about Masayoshi Son 
03/14 MASAYOSHI SON : SoftBank's Son to meet Saudi King Salman on Tuesday in Tokyo
2016 MASAYOSHI SON : SoftBank's Son pledges $50 billion, Foxconn eyes U.S. expansion as Trump woos Asian firms
2016DJMASAYOSHI SON : SoftBank's Son Shifts Gears on Funding for Investments
2016DJMASAYOSHI SON : SoftBank's Son Lays Out Future of Smart Robots, Emotional Cars
2016 MASAYOSHI SON : Japan's Son chased $32 billion ARM deal by the sea in Turkey
2015 MASAYOSHI SON : Son says vice chairman Arora a strong future candidate to lead SoftBank
2014 MASAYOSHI SON : SoftBank's first Sony smartphone deal takes aim at U.S. market
2014 MASAYOSHI SON : SoftBank's Son says new Sprint CEO a 'streetfighter', hints at price war
2014 MASAYOSHI SON : SoftBank to start selling personal robots next year
2013 MASAYOSHI SON : Third point has made no management proposals to SoftBank
2013 MASAYOSHI SON : SoftBank's Son buys Tokyo Tiffany building for $326 million -sources
2013 MASAYOSHI SON : Softbank CEO Son says 'very supportive' of Alibaba's partnership
2013 MASAYOSHI SON : Softbank on track to complete Sprint acquisition by July
2013 MASAYOSHI SON : SoftBank to meet Sprint investors, many eye higher bid
2013 MASAYOSHI SON : Ergen puts chips on Sprint in latest wireless bet
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