The role of music streaming services in the recording industry
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Streaming Services Really Are Saving the Music Industry, Global Sales Prove

Streaming Services Really Are Saving the Music Industry, Global Sales Prove | The role of music streaming services in the recording industry | Scoop.it
Piracy plummets and revenue rises for the first time in 13 years, but will the artists reap the rewards?
Fernando Reyes's insight:

This article talks about how in 2012, after 13 years, the music industry increased their revenue. This shows how the digital is saving the music industry, and this is the main reason why record labels should finance and pay a fair percentage of money to the streaming companies.

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Johan Ortiz's comment, August 24, 2013 9:44 AM
Part of the pros of the research, this article talks about the increase in earnings towards the industry and how digital technology has become the pioneer defender.
Keith Napier's curator insight, March 16, 2014 1:59 PM

I added this article because of the emphasis that is placed on the increase in selling digital music versus tracks.  The article speaks about the two streaming services Rdio and spotify that there was a significant increase in the purchase of music along with iTunes in 2012.   Streaming Music has definitely decreased music piracy a great deal.  As mentioned in the article the only problem thus far with streaming music is the artist receives very little from the sales and each time the song is played.  I believe they get anywhere from 3 to 7 cents for each song.  Considering the direction we are going in and like most things that are new to the industry. Once changes are made and things are cleaned up and revisited on how streaming music can be more positive and profitable, I believe the artist / music industry will eventually be more receptive to the service of streaming music.

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Why musicians don't make money online

Why musicians don't make money online | The role of music streaming services in the recording industry | Scoop.it
The UK government (like many other nations) recently passed a Digital Economy Act. This act is designed to shield musicians and artists from piracy, while protecting their revenue and livelihoods. ...

Via David Moore
Fernando Reyes's insight:

This article discusses the reason why artists don't make money online. If we look at the statistics, the number of sells an artist must achieve monthly it's pretty high just to earn a really low salary of $1000 a month.

I believe this should be regulated some how, being a musician it's a job and it should be well paid.

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Johan Ortiz's comment, August 24, 2013 9:40 AM
This article leans on the cons side of my research towards the recording industry.
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Will Music Streaming Services Save The Recording Industry

Will Music Streaming Services Save The Recording Industry | The role of music streaming services in the recording industry | 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
Fernando Reyes's insight:

This scoops talks about how the record labels claim that the music streaming services will sabe the recording industry. However, it's easy for them to say this because they finance them but take the most part of shares. They gave the streaming services 10% of one penny. So the question is: How long will these sites be able to survive?

 

Pros: - Music streaming services provide music for customers without the necessity of occupying storage in their devices.

- New artists may be discovered through this platforms.

- It gave users easy acces, through their phones, laptops, tablets, etc.

- It help the recording industry to make money, specially now that the sales of CD's have decreased considerably.

 

Cons: - If record lables don't give an acceptable percentage of the money to the streaming companies they won't be able to survive for long.

- If the streaming companies start going into bankrupt, this will represent a serious damage to the recording industry, unless the record labels start buying them.

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Johan Ortiz's comment, August 24, 2013 9:38 AM
This article talks about thi input of streaming services and the positive additions that follow after their use towards the recording industry.
Johan Ortiz's comment, August 24, 2013 9:39 AM
It also talks about the negative impact and the financial aspect.
Jonathan Hines Dumitru's curator insight, January 19, 2014 8:13 PM

Record labels claim that media streaming services will save the industry. Spotify and Pandora have provided customers with easy to access music without having occupy their hard drive . Artists that have just started can be discovered through this, and get paid each listener at a time. Record lables, however, don't pay an acceptable percentage to Spotify, Pandora, and other streaming services.

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Biting the hand that feeds you: why are record labels fighting Pandora?

Biting the hand that feeds you: why are record labels fighting Pandora? | The role of music streaming services in the recording industry | Scoop.it
A few years ago, leaders from the major record companies planted the seeds from which they hoped would spring the next generation of music distributors.
Apple's iTunes, the overwhelming leader in...
Fernando Reyes's insight:

In this article, streaming services such as Spotify and Pandora are fighting record companies to give them a larger share of the pie. They say that what they are obtaining isn't enough to make this a profitable business.

I completely agree with this action, because streaming services are feeding the record companies, and they should receive a larger amount of money for their services.

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Apple Introduces iTunes Radio Streaming Service - RollingStone.com

Apple Introduces iTunes Radio Streaming Service - RollingStone.com | The role of music streaming services in the recording industry | Scoop.it
RollingStone.com Apple Introduces iTunes Radio Streaming Service RollingStone.com In part because Apple's late founder Steve Jobs refused to jump into the streaming-music or subscription businesses, the company has allowed other services to...
Fernando Reyes's insight:

The new iTunes radio will be out soon to compete with Pandora and other online services. Including some amazing features, and being back up by a giant company as Apple, it's most likely that it will achieve more success than it's competitors.

 

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Johan Ortiz's comment, August 24, 2013 9:40 AM
More on the streaming services and its impact on the recording industry.