Skip to main content

Streaming services arent the future of music - theyre the new normal

 couple of noteworthy things have happened in the music streaming world this week. First, streaming giant Spotify came to a
new licensing agreement
with record label giant Universal. Spotify will notably limit some albums to its paid tier for two weeks at a time, but singles will still have no restrictions, and Universal will reportedly charge less in royalty fees as part of the arrangement.
Second, Kanye West's "The Life of Pablo"
became
the first album to go platinum in the US through streams. It's been streamed more than 3 billion times since its release in February 2016.
Spotify and Kanye are two titans in their fields, but the news points to a trend: Streaming is the new normal for how Americans listen to music. If the codependent nature of Spotify and Universal's agreement isn't enough, this chart from
Statista
should make it clearer: According to the
RIAA
, streaming brought in more than half of the US music industry's revenue in 2016.
This comes after
Nielsen
said earlier this year that on-demand streaming had
generated more revenue
than digital album and track sales for the first time in 2016. Whether Spotify or music labels can make
sustainable profits
off streaming is another question, but it's clearer than ever that this is the bed that's been made for them.
COTD_4.5 music streaming revenue

Comments

Post a Comment

Popular posts from this blog

Problem: Date Formatting cannot be Changed in Microsoft Excel

In this article, we will learn how to change the date formatting. We will use “Text to Column” wizard to resolve the problem of change the date formatting in Microsoft Excel. Let’s understand the functions: - Text to Column:  “Text to Column” is used for separating the cell content which is depending on the way your data is arranged. You can divide the data on the basis of content in the cell such as space, comma, period, semicolon, etc. Let’s take an example and understand how we can convert the date into Text. We have dates, foramatted as text in column A. Now, we want to convert it into date format.     If we want to convert the formatting into numbers, then we need to follow below given steps:- Select the range A2:A11. Go to Data tab, and click on Text to Columns from the Data tools group.     Covert Text to Columns Wizard – Step1 of 3 dialog box will appear. Select fixed width, and click on Next button.     Skip step-2, and...
Post a Comment
Read more
How To Remove Gphone Virus Well gphone.exe is nowadays one of the most dangerous virus spreading very rapidly. It is a Trojan and changes your IE homepage and sends tries to open gtalk and yahoo messenger. It even sends messages to gtalk contacts. Its icon is just like that of folder icon and people thinking of folder click on it get infected by the virus. Gphone virus basically is a 260 kb .exe file which looks like a folder and it can take any name of any other folder if you have clicked on the virus folder which looks like a folder but it is not. If you have a folder name ―movies‖ in your D drive it will make a exe file in the folder named movies.exe and if you click on that exe file it too work as a virus. It makes .exe files in all the folders you have with the name of the folder. How to remove this virus Method 1 1. Go to Task Manager then Processes and then click on gphone.exe and click on end process. 2. Manually go to folder where gphone.exe is present and delete it. 3...
Post a Comment
Read more