Post by das on Oct 21, 2023 5:25:24 GMT
By the end of the year, physical media sales ranked second in the industry revenue structure ($ billion), while streaming revenue was $ billion, accounting for more than 100 million of all revenues. The number of paid subscription users has reached 100 million, and the total revenue of the entire business has exceeded 100 million US dollars, approaching the legendary annual revenue of 100 million US dollars.
Music streaming has proven to be not only a handy tool for the average user, who can get a massive moible number data catalog of music on their smartphones for a nominal price, but also a lifesaver for the industry itself. sums of money to online piracy. Streamers basically took their illegal technology and were able to return lost revenue to musicians and labels. But beyond that, streaming services have changed the process of making music itself, allowing performers to perform more flexibly and become more independent, strengthening local markets and forcing international stars to make room.
Looking closely at this music revolution, it's easy to see that streaming services are also the final straw in freeing music from the shackles of industrial copyright that began long before the internet and are now being completed before our eyes. And the history of the creation of music piracy French companies shows how short-sighted the representatives of the world's largest record labels, who really drove the digital revolution in the music world.
Music streaming has proven to be not only a handy tool for the average user, who can get a massive moible number data catalog of music on their smartphones for a nominal price, but also a lifesaver for the industry itself. sums of money to online piracy. Streamers basically took their illegal technology and were able to return lost revenue to musicians and labels. But beyond that, streaming services have changed the process of making music itself, allowing performers to perform more flexibly and become more independent, strengthening local markets and forcing international stars to make room.
Looking closely at this music revolution, it's easy to see that streaming services are also the final straw in freeing music from the shackles of industrial copyright that began long before the internet and are now being completed before our eyes. And the history of the creation of music piracy French companies shows how short-sighted the representatives of the world's largest record labels, who really drove the digital revolution in the music world.