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Spotify: Friend or Foe?

Spotify: Friend or Foe? | Streaming Music | Scoop.it
Daniel Ek set out to save the music industry. Could his streaming service wreck it instead? John Seabrook reports.
Dean Lesser's insight:

Spotify's CEO, Daniel Ek, utilizes his unique and unorthodox personality to fuel the passion behind his company's direction and mission. By selling access to all the music instead of selling each album or song individually, the company works to allow subscribers the ability to enjoy it all.

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Which Music Streaming Service Is the Biggest Worldwide?

Which Music Streaming Service Is the Biggest Worldwide? | Streaming Music | Scoop.it
Streaming services are proliferating at an alarming rate, as the industry has come to recognize that access -- storing no files locally, but having
Dean Lesser's insight:

The competition over access and ownership of music has been growing for the past few years, and the chart in this article shows how powerful the top music streaming companies are becoming. Thus proving the validity and inevitability of the online music streaming industry.

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Spotify: Friend or Foe?

Spotify: Friend or Foe? | Streaming Music | Scoop.it
Daniel Ek set out to save the music industry. Could his streaming service wreck it instead? John Seabrook reports.
Dean Lesser's insight:

Spotify's CEO, Daniel Ek, utilizes his unique and unorthodox personality to fuel the passion behind his company's direction and mission. By selling access to all the music instead of selling each album or song individually, the company works to allow subscribers the ability to enjoy it all.

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Streaming Music Has a Problem—It's a Huge Success

Streaming Music Has a Problem—It's a Huge Success | Streaming Music | Scoop.it
In late September, Spotify CEO Daniel Ek was the first guest Mark Zuckerberg introduced on stage during his keynote speech at the f8 developer conference, which introduced the network’s new media consumption features.
Dean Lesser's insight:

The music streaming industry has been growing exponentially, and since it is so new, various problems have arisen. Popularity and usage have not been too much of an issue; however, allocating royalties and recognitions have been difficult.

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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 Music | 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
Dean Lesser's insight:

Spotify and Beats Music both offer the same music streaming service for a monthly fee of about $10, and as mentioned in the article, the formation of Beats Music was more of a validation to the model created by Spotify rather than a threat. Thus proving the strength and future potential for the online music streaming industry.

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Why Music Streaming Is More Lucrative For Labels [JAY FRANK] - hypebot

Why Music Streaming Is More Lucrative For Labels [JAY FRANK] - hypebot | Streaming Music | Scoop.it
By Jay Frank of FutureHit.DNA. In the great streaming royalty debate, the focus has been on tiny royalty rates per stream. Artists are up in arms, many are opting out of streaming services, and the noise and debate has been growing louder. Lost in that noise is a voice that is seldom heard: that of the record companies. There’s good reason for that: they’re making more money from streaming and the future looks extremely bright for them. Buried in the Christmas Eve edition of the Wall Street Journal (which is itself a day to bury news) is a short column...
Dean Lesser's insight:

The music streaming industry provides a bright future for many artists, but they must be willing to wait for the big checks. The online streaming revenue comes later than the sales revenue; however, the streaming numbers end up surpassing the sales eventually. The only issue is that the artists must make songs that have the ability to withstand the coming and going fashion of trends so as to survive long enough to make money.

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