Streaming in the music industry
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How Streaming Will Impact Music Sales

How Streaming Will Impact Music Sales | Streaming in the music industry | Scoop.it
With 2013 now behind us we are beginning to see the first full year sales numbers come if for 2013 and the long anticipated ability to assess the impact of streaming on the market.  Until the IFPI ...
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This articles looks at how streaming music impacts sales. The article says  "Looking at markets like Sweden and Denmark we have strong evidence that streaming subscriptions grew at the direct expense of downloads." However it mentions that streaming has hurt the U.S. download market because of how strong it was. A interesting statement in the article is when it mentions more engaged music consumers possibly converting to subscription users. This mean instead of those consumers buying a couple albums a month, instead they pay for the price of one album and have access to a thousand. 

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Is tech saving the music industry?

Is tech saving the music industry? | Streaming in the music industry | Scoop.it
Digital music and pirated downloads nearly destroyed the industry, the argument goes, but now streaming technology is being credited with saving it.
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"Digital technology, once accused of nearly destroying the music industry, is now being hailed as its saviour." Says this bbc.com article.

It mentioned streaming music made up 10% of the revenue in the UK music industry last year and listening data from streams will be included in UK charts. It also gives views from industry professional such as Jon Webster, the CEO of Music Manager Forum. He says "There are still a lot of things that need to be worked out around revenue sharing." He also mentions  "Any artist has to be on a streaming service now - it's what consumers want. It's part of the future." I feel that streaming can help the industry grow but shares of the profit needs to regulated. With the rapid growth in streaming music if royalties payments remain as low as they are it can hurt up and coming artists.

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Spotify Hits 10 Million Paid Users. Now Can It Make Money?

Spotify Hits 10 Million Paid Users. Now Can It Make Money? | Streaming in the music industry | Scoop.it
The streaming music service has been great at getting people to pay for subscriptions—and not at all successful at turning a profit
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The article is questioning if Spotify can be profitable business. In the article it states Spotify has 10 million paid users, but 30 million free subscribers. One reason the article ask if Spotify can be profitable is supposedly 70% of its profit goes to royalties. Beats rival streaming service is also mentioned. It suggest that Beats being bought by Apple will make Beats streaming more successful. I feel spotify can be successful because a large overhead is not required to run this business. If Spotify is paying 70% of its profit to royalties 30% of 10 million paid users at 10 dollars of month is more than enough to run a streaming company.

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Spotify and streaming bring $1 billion to the music industry, but can it last?

Spotify and streaming bring $1 billion to the music industry, but can it last? | Streaming in the music industry | Scoop.it
Music streaming has officially become a billion dollar industry, bringing huge revenues last year to an industry that had been struggling. But is the music business putting too much pressure on services such as Spotify to rescue it?
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This article gives statistics about streaming music in 2013. Some of these are Spotify paying 500 million in royalties. Revenues from subscription services grew 51%. More than 600 million euros (1.1 billion dollars) was taken in revenue. Physical sales account for more than 51% of sales. There are 450 licensee music streaming services worldwide. Streaming music is defiantly a billion dollar industry. As more people become tech savvy access will most likely defeat ownership.

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The Music Industry Moves Kicking and Screaming Into A Streaming World

The Music Industry Moves Kicking and Screaming Into A Streaming World | Streaming in the music industry | Scoop.it
One thing about the music industry is that it likes to be comfortable. Life was so easy for about 50 years as the way business was conducted hardly ever changed. The label found an act, made a record, sold it to retail and promoted it through radio. Publishers and songwriters [...]
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In this article it talks about how streaming music is taking growing in the music industry. It gives statistics from Nelson Sound Scan of streaming being up 32%. "People prefer convenience when it comes to technology, and streaming is so much more convenient than any other type of music consumption method that there’s no contest." suggest the article. Streaming is not just big in the U.S. the article says Uk had 7.4 billion tracks streamed in the last year. I agree that streaming is the next trend in consumer music. The industry should find a way to capitalize on it while it's still forming. 

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Is Spotify cannibalizing the music industry?

Is Spotify cannibalizing the music industry? | Streaming in the music industry | Scoop.it
Spotify is among a host of subscription music services that have come under fire from artists and labels in recent times over royalty payments.
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This article is about Spotify streaming millions of songs to subscription customers and paying out low royalties to the artists and labels. Spotify claims that they are a new company and payouts of royalties will grow significantly. The article estimates that Spotify has made over a billion dollars in 2013 and pays out royalties at .006 cents a stream.  

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