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Music Industry Reports a Rise in Sales, Crediting Digital

Music Industry Reports a Rise in Sales, Crediting Digital | Hot Topics | Scoop.it
While the increase was tiny and the total revenue, $16.5 billion, a far cry from the $38 billion at its peak, the news is a psychological boost to an industry long in decline.
Damarco McTillman's insight:

I guess in some instances, digital music can profit for some companies. Just curious to know how and why isn't everyone else on board.

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Is tech saving the music industry?

Is tech saving the music industry? | Hot Topics | Scoop.it
Digital music and pirated downloads nearly destroyed the industry, the argument goes, but now streaming technology is being credited with saving it.
Damarco McTillman's insight:

What I find hard to understand is that, if users like myself are constantly streaming music, why are the music sales decreasing? There has to be a way to track this information to benefit musicians.

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Will Music Streaming Services Save The Recording Industry

Will Music Streaming Services Save The Recording Industry | Hot Topics | Scoop.it
Within the past decade we have seen the rise of digital music services such as iTunes and Amazon. Physical music sales started to decrease, and digital downloads started to surpass all other o
Damarco McTillman's insight:

I don't think that the record companies deserve to receive the larger portion of the streaming profits, because this was an idea that wasn't created by them. Now i do believe that maybe they deserve a portion of the profits for all of the work that was put in to help create the artistry of the musicians. However I also think that the musicians deserve a portion of profit as well, even if their portion is received from the record companies.

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Can This Company Save Streaming... And The (Independent) Music Industry? - Digital Music News

Can This Company Save Streaming... And The (Independent) Music Industry?  - Digital Music News | Hot Topics | Scoop.it
So it’s quite likely that Google or Facebook is going to be purchasing Spotify fairly soon. Apple bought Beats. No streaming service, however, has proven...
Damarco McTillman's insight:

The fact that most people use Facebook and Google, I can see how purchasing Spotify could benefit them. Just hoping that when this transaction does take place, maybe they will find a way to incorporate sales and profits.

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The music industry is still screwed: Why Spotify, Amazon and iTunes can’t save musical artists

The music industry is still screwed: Why Spotify, Amazon and iTunes can’t save musical artists | Hot Topics | Scoop.it
Pandora, Spotify and Beats aren't making a profit. If they never do, your favorite band will need a day job
Damarco McTillman's insight:

I find it highly doubtful that these streaming companies aren't making any profits. I'm quite sure that if it is required to pay the music industries they will find a way to profit.

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