The music industry is sending off great vibes, thanks in large part to Spotify. A year after the streaming leader went public, however, the real party still isn’t open to stock investors.
Globally, music-industry revenue rose 9.7% last year, the best in at least 20 years, according to data released Tuesday by the International Federation of the Phonographic Industry. Streaming drove the tempo, with growth of 34%, while compact-disc sales slowed it down. But the drag from the decline of CDs, which caused the industry to shrink…
