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Music Streaming

In: Business and Management

Submitted By manz9797
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Streaming Music is a way of delivering sound without the need to download files of different audio formats or buying CD’S. According to the music business body the British Phonographic Industry (BPI), Britons streamed 14.8bn tracks in 2014 , almost double the 7.5bn of 2013. Musicians do not universally love streaming. Streaming music services represent the music industry’s source of revenue and are well established among consumers. It consists of two types of services provided by monopolist. The first , which offers get to complimentary , is of low quality and financed by advertising. The second one , charges its users and is of high quality. ( Thomes and Tim Paul 2013).
Different artist’s like Ed Sheeran and Beyoncé have started removing their albums from Spotify and other streaming services because their album sales have shrunk and are not earning enough (Lendino and Jamie Jamie 2014)
Spotify’s free, ad-supported version are used by majority of listeners who pay nothing for the music. For instance : Aloe Blacc co-composed the 2013 hit song Wake Me Up. It became one of the most streamed songs. In an article for “Wired” magazine, Blacc cited “It takes around one million spins for a songwriter to earn just $90. In return he has earned less than $4,000 domestically.) , (thegauardian. 2015)

References
1) Lendino, Jamie Jamie , PC Magazine. Dec (2014), p29-32. 4p. http://eds.a.ebscohost.com.ezproxy1.hw.ac.uk/eds/pdfviewer/pdfviewer?sid=ead97d28-70ed-44fb-9ff4-cc71c52ca3f3%40sessionmgr4005&vid=1&hid=4205
2) Thomes, Tim Paul , In Information Economics and Policy June 2013 25(2):81-91 http://www.sciencedirect.com.ezproxy1.hw.ac.uk/s

3) thegauardian. 2015. streaming. [ONLINE]…...

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