Streaming And The Future Of The Music Industry - 2278 Words

Streaming The Future of The Music Industry The dawn of the internet brought forth a revolution that, by now, has seeped its way in the the very fibers of almost every human experience. Education has changed. Communication has changed. Entertainment has changed. Business has changed. Entire industries have been built, and destroyed, by the information age. The music industry, in particular, has felt both. With precursors of the Compact Disc (CD) and digital music formats, Shawn Fanning single handedly eviscerated the music industry. Napster, his peer to peer mass file sharing service, is what landed the fatal blow, and the industry has been bleeding out since. Many have tried to sew this wound shut. Most prominently Apple, with their†¦show more content†¦Streaming has obvious limitations though. Access to the network that sends the information is required. This is usually achieved by a connection to the internet. The strength of the connection drastically affects the quality of the stream. This entire process can be understood through viewing a video on YouTube, arguably the most popular video streaming service of all time. YouTube hosts a video that is saved to its server through its website. To view it, you must connect to the YouTube website through the internet. There you can view the video without having to download and store it on your device. This idea is similar to that of radio and television broadcasting where streaming uses the internet as its medium for travel instead of radio or electromagnetic waves. Most would associate the beginnings of media streaming with the back half of the 2000s, which is when it first amassed global popularity. Surprisingly, the idea to stream media through the internet had been floating around computer and entertainment industries since the 1990s. Even the current model for subscription based music streaming services had been presented previously. MusicNet was the brainchild of RealNetworks and the major record labels. It was theirShow MoreRelatedState Of The Current Music Industry1659 Words   |  7 PagesIntroduction - State of the Current Music Industry 3 The Music Streaming Industry 6 Porter’s 5 Forces Analysis 10 The Way forward for Deezer 10 References 12 â€Æ' Table of Figures Figure 1 Share of Industry Revenues (IFPI, 2015) 3 Figure 2 Global Digital revenues by Sector (IFPI, 2015) 4 Figure 3 Flow chart showing the change in the way music is distributed with the entrance of new actors such as streaming services (Oestricher Kuzma, 2009) 6 Figure 4 digital Music industry Value Chain showing 7 FigureRead MoreMusic Networking : The Impact Of Music And Music Websites1257 Words   |  6 PagesOne of the larger aspects of most up and coming musicians careers is having enough money to produce more music for their fans. And, although music streaming sites such as Spotify and Pandora do pay artists when people listen to their songs, the payout is often not worth the effort. When I say the amount paid per stream of a song is low, I mean it is low (McIntyre). These low payments are what is slowly devaluing the effort of small-time artists that want to find success but just cannot seemRead MoreIntroduction. It Is Almost Impossible To Go Through A Day1514 Words   |  7 Pageslistening to some kind of music, whether it’s at work or in public music is all around us. In the short time music listening has been around it has changed so much. We have gone from purchasing records to paying for a subscription that supplies with all our music needs in volumes we have never been a ble to do before. The evolution of music listening has shown the most change just within the past 15 years or so. 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