The New Streaming World

Hats off to The Washington Post for writing an excellent article into the new state of the music business with the article “The New Streaming World: How One Band is Trying to Make It in a Business Turned Upside Down.”  

The article focuses on the band, The Orwells, who you likely never heard of but that’s sort of the point of the article.

If nothing else, here’s the key factoid: less than 1 percent of songs represent 86 percent of the music streamed, according to the market research company Nielsen.  That means the remaining 99% of songs (and musicians) have to survive on 14% of what little income is left.  The music business is wealth inequality on steroids, all driven by technology.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s