Music Industry notes

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 ...

Since December 2015 I have been a member on the infamous music streaming app Spotify.  I joined as my ambition for a career in the music industry was heightening rapidly, I was happy to start paying/signing up to subscriptions that were necessary for an aspiring music industry worker. For the first half a year that I was paying for Spotify, I was always unsure about keeping my subscription.  This is because although I very much enjoyed the experience of listening to new and old music offline for the first time, that was the only thing I would gain for £10.00 pm whilst all my other friends were getting the same thing illegally downloaded for free.   Of course it was brilliant to have so many albums available to me without the adds, but I fel t as such a famous music app, Spotify could of given a bit more features-wise. As another year went by and it was now the end of 2016, I noticed that a lot of my friends were now subscribed to Spotify or Apple mus...