The role of music streaming services in the recording industry

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.

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.

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.