Music streaming has changed the music industry. It is easy to recognize that music streaming services such as Spotify, Pandora, or YouTube continue to overpower downloading services such as iTunes or even the more physical music goods such as CD’s and Vinyl. This year, streaming has become even stronger and more apparent within the industry. Although many streaming services have the free subscription option, consumers are now willing to pay for the actual premium subscription option in order to have less advertisements. While physical music sales and downloads continue to weaken, it is only fair to wonder how long it will take for music streaming to take over completely the music industry? It would also be fair to wonder if the beauty of actually owning music from our favorite artists will disappear with time? It will be interesting to see how music streaming will monetize its services so that everyone involved, artists included, can benefit? It is important to ask such questions as both consumers and simply music lovers. For now, we can only wait to see how streaming (and any other technological advances) will continue affecting music in the near future.
Article below provides recent numbers and facts in relation to the same thoughts mentioned above – http://www.cnet.com/news/streaming-music-swiping-sales-from-music-dowloads/