US streaming subscription boom derails YouTube's music stream growth

Video platforms such as YouTube and Vevo are losing dominance in the US streaming market thanks to the dramatic growth of streaming subscription services like Spotify, Apple Music and Google Play. 
A report into the US music industry from monitoring company BuzzAngle has revealed that digital video music streams grew by just 7.5% in 2016 while audio on-demand services saw streams increase by 83%, rising from 137.29bn in 2015 to 250.73bn in 2016.
The data confirmed a firm shif