Influence of Technology on the Recording Industry
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Big Tech Crashes the Streaming Party: How Technology is Changing the Music Industry (Part 2)

Big Tech Crashes the Streaming Party: How Technology is Changing the Music Industry (Part 2) | Influence of Technology on the Recording Industry | Scoop.it
Elizabeth Carney discusses the surprising benefits, as the technology sector’s heavyweights enter the music streaming space.
Brandon Becker's insight:

As each internet streaming service evolves, the amount they pay in royalties decreases.  This could create problems for artists and companies that rely on these royalties. 

 

On the side of streaming sites, most of their revenue is paid back in royalties and licensing fees.

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EC report explores piracy and streaming’s impact on digital music sales

EC report explores piracy and streaming’s impact on digital music sales | Influence of Technology on the Recording Industry | Scoop.it
It's sadly inevitable that any research into music piracy or streaming music – no matter how sober and diligent – will be seized upon a
Brandon Becker's insight:

The article explores the correlation between illegal/legal download and legal purchase of music.

 

The article concludes that illegal downloading does does reduce album sales as much as originally thought.  However internet streaming affects it in a more positive way.

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RICKY STEWART's curator insight, May 22, 3:13 PM

This article implies that digital music piracy should not be viewed as a growing concern for copyright holders. And that the music being downloaded wouldn't have been bought otherwise. But the new music consumption channels such as on line streaming will affect copyright holders.

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Can streaming save music sales?

Can streaming save music sales? | Influence of Technology on the Recording Industry | Scoop.it
Streaming services have reversed the fortunes of the music industry in Sweden and now generate more income than downloads or CDs. But can the model be replicated worldwide?
Brandon Becker's insight:

The article discusses the positive effects of digital streaming on the music industry as a whole,  such as increased revenues, while also positing the negatives of such distribution, such as the limited royalty pay-outs, and the effect it has had on reducing piracy.

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Revenue Up, Piracy Down: Has the Music Industry Finally Turned a Corner? | TIME.com

Revenue Up, Piracy Down: Has the Music Industry Finally Turned a Corner? | TIME.com | Influence of Technology on the Recording Industry | Scoop.it
Fourteen years after Napster upended the music industry's financial model, it may finally be time for record labels to start singing a happier tune.
Brandon Becker's insight:

As a whole, the music sales are up while piracy is down.  Most new revenue comes from direct digital sales and streaming.

 

the article also explores different technology for monitoring and policing piracy.

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RICKY STEWART's curator insight, May 22, 1:41 PM

This article emphasizes how critical it is to get the free streaming users to spend some cash on some extra service. In an effort to keep the overall industry revenue from slipping as streaming becomes more popular.

 

I can understand the industry expects and needs it revenue to survive, but after being able to stream freely for so long it may be hard to change some people.

 

To stream freely or not to stream freely affects the industry professional's revenue, it takes away from their life. Where the free streamer feels he gets something free, that adds to his life.

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Streaming music services are giving the music industry a huge revenue boost

Streaming music services are giving the music industry a huge revenue boost | Influence of Technology on the Recording Industry | Scoop.it
Any doubts over whether streaming services are a big deal for the music industry can now be dispelled. Revenue generated by subscription services like Spotify, Rhapsody, Rdio, and others was up 13....
Brandon Becker's insight:

An overall increase in online streaming subscriptions has lead to a huge increase in revenue from such services.  The amount of paying customers also rose alongside it, which shows a correlation in albums sales to music streamed.  Each facet of sales increased, from digital album sales, to individual track sales. 

 

VentureBeat is a reputable blog site that organizes annual technology conferences while being mostly self-funded.  The article is meant to inform rather than persuade, remaining objective throughout

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RICKY STEWART's curator insight, May 22, 12:34 PM

Subscription services are actually helping give the music industry a revenue boost. After all the negative talk that we hear about streaming music, it's good to hear something positive. With the digital age there will always be people who try to steal music to avoid paying. But the good news is that as tracking systems get better, the overall revenue for the music industry should increase.

 

 

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Spotify’s Ek Wins Over Music Pirates With Labels’ Approval

Spotify’s Ek Wins Over Music Pirates With Labels’ Approval | Influence of Technology on the Recording Industry | Scoop.it
“You have to find another job.”
Brandon Becker's insight:

The article is interesting as it shows the growth of digital streaming from music piracy.  Essentially, digital streaming was created as a proactive way of battling rampant piracy, while still being able to sustain moderate revenue.

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