Demand Music Streaming And The Modern Music Industry

On-Demand Music Streaming and the Modern Music Industry In October 2014, Taylor Swift released her latest studio album 1989, and by year’s end it had become 2014’s best-selling album with over 3.6 million copies purchased. Many fans had also anticipated listening to her newest work through the popular on-demand music streaming service Spotify. Instead, a week after the album’s premiere, Taylor Swift pulled her entire discography from the site (Mansfield). Her actions have since sparked a debate over the impact of on-demand music streaming in today’s music industry. Currently, on-demand music services are most beneficial to customers, major music labels, and well-known artists. What exactly is media streaming? In the past, digital media required devices to have large amounts of local, internal storage to hold content libraries for playback. Instead, streaming allows for media consumption via temporary downloads from online servers which are deleted once playback is complete. Music streaming is not new, as internet radio services like Pandora have been around for over a decade (â€Å"About Pandora†). Such services allow for the creation of custom stations through user feedback about musical tastes. While this allows for greater personalization than traditional radio stations, the drawbacks include the inability to select specific songs, repeat previously played tracks, create playlists, or listen to entire albums. On-demand services, on the other hand, allow for all of this inShow MoreRelatedThe People s Platform : Taking Back Power And Culture1421 Words   |  6 PagesWants a Say Ask anyone how they listen to music the answer will likely be through any means of easy access at an affordable cost. A study conducted by news outlet Nielsen s Music 360 claimed, â€Å"Americans streamed 164 billion on-demand tracks across audio and video platforms in 2014†. The rapid increase in popularity music streaming platforms are experiencing leaves people wondering what that means for the music industry. When more consumers utilize the on-demand method of entertainment access, how doesRead 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 MoreMusic Industry Essay1009 Words   |  5 PagesMusic Industry Essay Introduction A i: I am going to be looking at the music publishing companies Universal Music Group, Inc. (UMG), one of the biggest major labels in the music industry and Beggars Group Limited, (BGL), a powerful UK independent label. UMG own and administrate VEVO and in recent news Google Inc. is reportedly looking at investing a 10% stake worth  £42million. The deal has not yet been signed but it is said that it will include a renewal agreement that will see VEVORead MoreThe Future is On-Demand Entertainment Essay examples1200 Words   |  5 PagesOn-demand entertainment (OED) enables people to watch, read or listen to nearly anything they want, whenever they choose. Innovators such as Napster, the original file-sharing portal that debuted in 1999 during the height of the dotcom boom, paved the way for the modern OED industry by battling well-funded adversaries over copyright infringement. In response to consumer demand, Comcast launched its On Demand channel with 740 movies in 2003. By May 2011, customers had accessed 20 billion programsRead MoreMedia Piracy1584 Words   |  7 Pagesrange over a variety of industries, including software, music, TV and movie production. There is no denying that media piracy has transformed the way consumers enjoy products. By analyzing the origins of media piracy, studying its usage today, and debating the global and ethical views, one can see how this is an issue we cannot ignore. Media Piracy 1 INTRODUCTION The term â€Å"piracy† has traditionally been associated with images of skulls, ships, and rum, but in the modern age there is a new definitionRead MoreE Commerce And Its Impact On The Music Industry1977 Words   |  8 PagesMusic industry has always been a very competitive and intensive area in retail as well as e-commerce. Additionally, music is considering to be part of creative human’s life, therefore the growth in the music industry has never slow down in terms of business. Talking about E-commerce and benefits of the Internet, there are million ways for people to search for music, such as ITunes, Cd players, mp3 players, YouTube and so on. Spotify created to satisfy the customer need in the fastest and the mostRead MoreA Nation s Culture Of The Heart And The Soul Of Its People1118 Words   |  5 PagesIntroduction of Hypothesis: â€Å"A nation’s culture resides in the heart and in the soul of its people.† This still stands true even in modern-day society, where things are rapdily changing, and starkly different from the past. However, in today’s world, the increased awareness of foreign culture as a result of globalisation causes the loss of local culture in terms of support given to local artistes. In this context, what exactly is local, and what is our own local flavour? Looking at xinyao, thereRead MoreOverview Of The Publishing Industry Essay1533 Words   |  7 PagesPublishing Industry The publishing industry is not just for books. It involves production and marketing of information. Other than books, the publishing industry can be found in newspapers, magazines, cards of various types, music, and directorial software. Publishers of the content hold the copyright to the work which they or another artist produces. The different kinds of media can be found in hard copies, digitally online, through audio, or with a compact disk. The publishing industry in generalRead MoreThe Use and Overuse of Music Essay1167 Words   |  5 PagesTechnological advances in society have helped shape classical music. Music has become more and more accessible over the years. Formerly only being heard in concert, Classical music can now be heard over the internet through downloads, videos, mp3s, streaming etc. This means that the audience for the music which was once small has expanded greatly. People stumble across videos on youtube and become aware of music they didn’t realise existed. Radio was developed during the end of the 19th centuryRead MoreTechnology Has Changed Our Lives Today1935 Words   |  8 Pagesto day lives without music. It is everywhere, and it has changed in more ways than one over the last ten, twenty years. More accurately, the way we listen and enjoy to it has changed, thanks to technology’s massive influence on the way that we live our lives today. With most things there’s both the good and the bad, and this situation is no different. But I believe that technology is causing so much more chaos than calm for the modern music and entertainment industry. Music has become so easy to