Despite nine years of music industry growth thanks to streaming, companies like Spotify and UMG are tightening payouts or laying off employees (Lucas Shaw/Bloomberg)

Lucas Shaw / Bloomberg:

Despite nine years of music industry growth thanks to streaming, companies like Spotify and UMG are tightening payouts or laying off employees  —  After years of a streaming boom, record labels are searching for their next big win.  —  Last year was brutal for the media business …