Music Piracy And The Music Industry

1833 Words Dec 10th, 2016 8 Pages
If you ask people about the state of the music industry, you’re more than likely to hear something along the lines of “the music industry is dying”, and in some ways, this is true. Music piracy has definitely harmed the music industry for the worse, and continues to be a threat, as according to Digital Music News internet piracy grew 44% from 2008 - 2014 (Steele, “If You Think Piracy...”). Numbers like that just simply aren’t good for the music industry, as each example of piracy is an example of a lost sale. However, there is a new force emerging within the music industry. This option takes the music industry down the same free, digital direction, but legally; it’s called music streaming. Music streaming offers listeners the opportunity to listen unlimited amounts of music, anytime, anywhere -- as long as they have internet and a medium to listen to it with (phones, tablets, computers) -- either for free, or for a monthly paid subscription. Streaming services that offer free music streaming gain revenue through advertisements, which are used to pay record labels and their artists; however, the major source of income comes from the paid subscriptions. Paying for a subscription to these websites offers users unique benefits that users would not be able to access through the free route. For example, some services become ad - free, allow you to download a certain number of songs, let you listen to whatever specific song you want to at any point in time, e.t.c. So what effect…
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