Tech content trusted by users in North America and around the world
7,297 Reviews & Articles | 53,241 News Posts

Music industry struggles to cash in on streaming music sales

Streaming music sales can't help stop the bleeding of dropping CD and digital downloads, according to the RIAA, with the music industry in continued flux
By: Michael Hatamoto | Audio, Sound & Speakers News | Posted: Sep 29, 2014 11:31 pm

Streaming music sales are rising in popularity, but still cannot make up for the drop in both physical CDs and digital downloads, according to a report released by the Recording Industry Association of America (RIAA). As Pandora and Spotify continue to shake up the music industry, Apple - and its acquisition of Beats - can help push the industry forward, despite the difficulty in convincing streaming users to purchase music.

 

music_industry_struggles_to_cash_in_on_streaming_music_sales_01

 

Music business analyst Mark Mulligan noted that the music industry must try to determine if streaming music should be used as a marketing or sales tool in the future. There also is concern that many Spotify stations, for example, rely on major music hits from a small number of artists, while other songs and albums build a slow following over an extended period of time.

 

"The streaming picture is changing at an absolutely staggering rate and everyone across the value chain needs to get their heads around all the potential permutations else get left behind," Mulligan noted. "These are both exciting and daunting times."

NEWS SOURCES:Washingtonpost.com, Musicindustryblog.wordpress.com, Files.tested.com

Related Tags

Got an opinion on this news? Post a comment below!
Subscribe to our Newsletter

Latest News Posts

View More News Posts
View Our Latest Videos

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases
loading