Music Streaming Is In Need of a Change. Is Amazon Stepping to the Forefront?
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Streams are Booming
Here are the facts that have those in the recording industry giddy!
The streaming industry continues to grow in the United States with a continued climb in streams annually.
The amount of streams from music consumers jumped by almost 170 billion in 2019.
There was a staggering figure of over 705 billion plays from U.S. subscribers of streaming services in 2019.
This boom gives music industry members and insiders a positive outlook on the future.
However, figures in the UK tell a different story.
Streaming figures and subscriptions are on a decline in the UK!
Industry experts are clamoring to figure out methods to make streaming service subscriptions more attractive to the masses.
The article below, originally posted on Music Business Worldwide, gives an in depth look into such streaming figures and subscriber growth.
Amazon Music to the Rescue?
The article details how Amazon Music may be taking the initiative in bringing change to the streaming industry.
Amazon is revising how streaming services are typically offered and how they are priced.
This is definitely an undertaking worth watching closely in 2020.
In short, the music industry could be bracing for another shift?
Read on and let us know your thoughts in the comment section.
Record label executives in the United States could be forgiven for treating themselves this month. For a while now, fears have existed that audio streaming growth would start to slow in the U.S. If this tipping point happens — when this tipping point happens — it will be a […]
Click here to view original web page at www.musicbusinessworldwide.com
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Music streaming is in need of a change. Will Amazon be able to provide it? It remains to be seen. I’m optimistic about it.
Amazon Music could change things a LOT! And I hope they do bring positive change in the industry; it’s all welcome.