5 Most Valuable Music Companies in the World

2. Amazon.com, Inc. (NASDAQ:AMZN)

Market Cap: $1.14 trillion

When we think of Amazon we may generally not think of the company being related to music. However, only some realize that a chunk of Amazon’s revenues that appear in financial statements come from their different business segments— one of them being Amazon Music.   Amazon Music serves as a direct competitor to Spotify and adds millions of dollars to their media empire. It launched in 2007 and was the first service of its kind to sell music without digital rights management from mega record labels. It also brought independent artists on board which added to its hype.

Amazon Music provides a lossless listening experience with access to over 75 million tracks and more perks for Prime members. It concluded the year 2020 with over 55 million customers all over the world, projecting a growth rate of over 50%. 2020 was a huge year for Amazon because it announced ultra-HD quality music for its consumers.

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