Effects of Streaming in the Music Industry
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Former Grooveshark Execs Detail Rise and Fall of Streaming Pioneer

Former Grooveshark Execs Detail Rise and Fall of Streaming Pioneer | Effects of Streaming in the Music Industry | Scoop.it
"Everybody at the business, including the CEO himself, was figuring this out as we went along"
Jahwann M Monroe's insight:

Grooveshark, the pioneer of music streaming, talks about why it failed and some of the things they had to look out for. The source seems to relate to streaming as well as being on Rolling Stones.

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Apple Reportedly Picks Name for New Streaming Service; Will Include Social Tools for Artists

Apple Reportedly Picks Name for New Streaming Service; Will Include Social Tools for Artists | Effects of Streaming in the Music Industry | Scoop.it
Apple's much-anticipated streaming service will likely be called Apple Music and include a layer of social networking tools for artists when it is unveiled next month, according to report from 9to5Mac.com. 
Jahwann M Monroe's insight:

It seems apple is also attempting to get a hand in the Streaming services, as it is an increasingly lucrative business


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Why Isn't the Record Business Doing Better?

Why Isn't the Record Business Doing Better? | Effects of Streaming in the Music Industry | Scoop.it
Music consumption is shooting upward. Streaming activity is skyrocketing. So why isn't the record business doing better?
Jahwann M Monroe's insight:

It seems that this is a pretty credible source. It has some statistics to back up the claims. Main issue seems to be the ease of access to streaming sites.

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IT'S OFFICIAL: Music streaming is finally bigger than downloads

IT'S OFFICIAL: Music streaming is finally bigger than downloads | Effects of Streaming in the Music Industry | Scoop.it
It's a massive milestone.
Jahwann M Monroe's insight:

From the business inside, this seems to have solid numbers and statistics behind its claims. It seems that streaming is overtaking downloads as a source of income in this age.

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Spotify Was 10 Percent of U.S. Label Revenue in First Quarter, Says Will Page

Spotify Was 10 Percent of U.S. Label Revenue in First Quarter, Says Will Page | Effects of Streaming in the Music Industry | Scoop.it
Spotify claims to have represented one out of every ten dollars record labels earned in the first quarter. This bombshell statistic came from Will Page, Spotify's director of economics, during his Music Biz presentation during the Music Biz Conference in Nashville on Tuesday (May 12).
Jahwann M Monroe's insight:

It seems that nowadays, streaming is becoming a big source of revenue throughout the industry, and probably will increase as technology increases.


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