(this piece was published by Planet JH Weekly)
Do you enjoy free music streaming, digitally, via a service such as Spotify, Beats (owned by Apple), AT&T, Google, or Pandora? A major shift in the music industry over the last few weeks suggests that you should enjoy it while it lasts.
Third quarter statistics in 2014 show that physical CD sales and digital download sales continue to nose dive. On-demand streaming sites are all the rage, and vinyl sales are up a whopping 47.5%. The good news is that people are consuming more music. The bad news is that there is either no money on the table, or that the money is going to CEOs of streaming sites. Illegal downloading and file sharing still accounts for a great deal of revenue bypassing songwriters and publishers, though the biggest streaming sites are finally getting pressure from the three bigs (Universal, Sony, Warner) to leverage it’s free users to become paid subscribers.
Tension with Spotify in particular came to a head last week as Taylor Swift, utilizing her pop star status, pulled her new album as well as her entire catalog from Spotify. (Swift was predicted to make about $6 million from the