Fakes: Fraud gangs 'stealing billions' from music industry via 'fake' streams

12 Jul 2024 11:44 AM | Anonymous member (Administrator)

Fraud groups take billions of dollars a year out of the music industry through fake streams, a streaming technology company has warned.

At least 10% of all song streams are fraudulent, and this takes between $2bn and $3bn (£1.6bn and £2.4bn) out of the global music industry each year according to Beatdapp, the streaming fraud detection platform.

https://www.msn.com/en-gb/money/other/fraud-gangs-stealing-billions-from-music-industry-via-fake-streams/ar-BB1pn5vH

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