Bono On How Streaming Can Save the Music Industry

“One billion users is 1/7 of the earth’s population. If 1/10 of those people were to be part of a subscription service like Spotify has, and I’m a huge Spotify fan, at $10 a month… Do the math.  That’s a billion a month.  That’s $12 billion dollars.  That’s bigger than the entire music business coming out of one company.

Even if it was 5%, now musicians are suddenly in a game that people are ready to pay for, their lives are changed.”

Bono, during an interview with 2FM’s Dave Fanning