Streaming is the most divisive concept in the modern music industry.
17:25 11 July 2017
For some artists, including Taylor Swift and Thom Yorke, it is what is going to kill the creativity in some artists who are not properly compensated for their work. However, many musicians said that streaming has provided them a platform that has helped them bypass the machinations of the old-school industry.
Regardless of any group’s opinion, streaming cannot be ignored these days, as it keeps on getting bigger. According to a report by The International Federation of The Phonographic Industry, global streaming grew by 45per cent last year and accounts for over £2 billion of revenue, overtaking physical sales for the first time. This is thanks to 68 million paying subscribers around the world.
Currently, there are a number of streaming sites that you can choose from. These include Spotify, Napster and YouTube. New players that have recently joined the bandwagon include Tidal, Rhapsody, Google Play, Deezer and Apple Music, which launched last June and has managed to sign up 13 million paying subscribers by April.
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