A Spotify investor lays out the case for music streaming — including that it’ll replace radio (AMZN, GOOGL, MSFT) – Silicon Alley

Honeycomb Asset Management, a New York hedge fund started by David Fiszel, is bullish on streaming music.
People are paying about twice as much per year for streaming music now as they used to for CDs, says Honeycomb.
"In 2015, music industry sales grew sustainably for the first time in almost two decades, and entering 2018, we are still in the early stages of this evolution," Honeycomb said in its fourth-quarter investor letter.
Honeycomb gained 21% last year.

Streaming music has changed the music industry for the better, according to New York tech-focused hedge fund Honeycomb Asset Management. Honeycomb, launched last year by David Fiszel, has more than $500 million under management and owns a private stake in Spotify.
"We believe streaming music will continue to grow at rates that far exceed investor expectations, with its market size quadrupling from $10 billion to $40 billion over the next eight years," the hedge fund said in a fourth-quarter letter to investors seen ...

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