What is streaming and how does it benefit the music industry? Streaming is listening to music via the internet through apps such as Spotify, Apple music and soundcloud. When streaming music you are not downloading it in file format therefore there is an endless stream of data. The concept of legally streaming music has overall saved the music industry of today. For example… Due to Apple music and Spotify reached 100 million paying subscribers last year which was a huge milestone for the industry as it means that artists and songwriters and finally starting to get fairly paid revenue for the streams of their music. Artists such as Drake brought in 4.7 Billion streams last year, and spotify collected royalties from each and every one of these streams which was then handed to Universal Music Group. Just from Drake’s streaming income Universal Music gained £1.1 Billion, so streaming is now seriously counteracting the worrying fall in sales of ...
Hello! My name is Madeline and I am a 19 year old musician from Kent. Welcome to my archive of 'music industry notes' where I gather everything i've observed so far in the music business today, and maybe some little extras. Thanks for having a scroll, feel free to subscribe if you want to be notified when new posts go live!