*By Conor White* Paul McCartney is celebrating his first number-one album in nearly four decades. "Egypt Station," released on September 7, sold 153,000 copies during its first week, including an impressive 147,000 in physical sales. And it's not the 76-year-old former Beatle's core Baby-Boomer fan base behind his latest success ー it's streamers. Daily Dot managing editor Austin Powell says those numbers are certainly the ones to watch. "'FourFiveSeconds,' \[McCartney's\] track with Kanye and Rihanna ー that's been streamed nearly 500 million times on Spotify," Powell said Thursday in an interview on Cheddar. "So he has this other audience that he can tap into and that Spotify can push his music towards as well." Powell noted that with physical album sales dropping from over half a billion in 2007 to just 169 million last year, artists have sought help from the very platforms that damaged their sales in the first place ー McCartney, for instance, recorded a live performance specifically for Spotify. To date, "Egypt Station" has been streamed over 6 million times across all platforms, and that number will only continue to grow. "I'm sure he got a nice push from Spotify itself ーgiving those notifications, letting people know the new album was available to stream," Powell said. Spotify's power and influence continue to spread, as does that of its rival, Apple Music. The two services now account for more than 80 percent of paid streaming subscribers in the United States, leaving their competitors to fight for meager scraps. And those smaller players ー including industry pioneer Pandora ー don't have great odds, according to Powell. "I think there are only two that stand a fighting chance, and that's Google via YouTube, and that's Amazon," he said. "They can bundle streaming into an existing service," he said. For full interview [click here] (https://cheddar.com/videos/streaming-nation).

Share:
More In Business
'GTA VI' Trailer Released Early and How Game Will Impact Industry Overall
Fans of the Grand Theft Auto series got a glimpse of the latest release that's not due out until 2025. The trailer was officially released after a leak on the 'X' platform, giving an idea to industry experts of the massive effect GTA will have on the gaming sector. Cheddar News senior reporter Michelle Castillo breaks it all down.
Stretching Your Dollar: End-of-the-Year Tax Questions Answered
Tax season is around the corner as soon as we conclude the holiday festivities. Mark Steber, chief tax information officer with Jackson Hewitt, joined Cheddar News to discuss some tax changes that people should be aware of and what to expect during next year's tax filing season.
Holiday Crafts for Less
Getting crafty for the holidays to entertain guests can be pretty expensive. Cheddar News explains how you can do all of that on a budget.
Stretching Your Dollar: How to Treat Yourself for the Holidays
The holiday season is here and it could be a stressful time as people plan shopping, cooking and traveling. Sally Holmes, editor-in-chief of InStyle Magazine, joined Cheddar News to discuss a new social media trend #Treatculture that helps people take a moment to treat themselves and how that is a psychological benefit to relieve stress.
Load More