It might be unintentional, but Taylor Swift has started the trend of "exclusive" with the artist's 2014 WSJ op-ed regarding the fate of music streaming. The artist described that music is essential and hard to come by, thus it is deemed as priceless.
The artist was only pertaining to some points regarding exclusives for streaming, but in addition was setting a mindset in perspective of music that would change the trend of the industry in a couple years. Earlier summer the rights to stream the artist's album 1989 was solely given to Apple. Another battle of the top three preferred streaming services for 2016 (Spotify, Apple Music, Tidal) gives the ultimate edge to the party who has the exclusive rights to stream music of favorable artists.
Although Music streaming was intended to make music more accessible and convenient, the current trend is slowly building fences and cages for the musical creations. A discussion amongst the majorly involved in the consumer market and the music industry at large was discussed over The Verge.
Kaitlyn Tiffany of The Verge asked Micah Singleton about this. She mentioned that the same time last year that Micah and a co-blogger, Jamieson, their dear friend, discussed how music streaming online services, for example, Tidal, Spotify, and Apple Music made an unequal playing field for the music industry.
They stiffened the upper percentage bracket, top one percent, of famous artists such as Adele, Taylor Swift, Drake and a lot of others, making it very difficult for other artists, especially indie bands, to make revenue from releasing music. Kaitlyn buzzed upon another angle of the matter, the exclusive releases of music from artists by the music streaming services. She mentioned that the exclusivity became a standard practice for the industry and it may look like that it is going to be a steady trend. She asked about Micah's opinion if the trend will be a good solution.
"It's not a good solution, but it's the best solution streaming services have come up with so far," Micah replied. As per Micah, The online music streaming business is very costly, the companies rendering the service, spends millions of dollars directly for the permit to access the music and then pay at around 70 percent of the $10 monthly subscription to the holders of the rights.
That being said, no one from the companies, even with its huge number of subscribers or users are profitable. Almost all the music online streaming companies have the same objective pertaining to shelling out money for exclusivity on the rights, is to increase paid users or subscribers.
The discussion continued to tackle the upcoming and the consequent dilemmas and benefits that the companies and end-users will face in the future, what will be the future of music streaming.
© Copyright 2020 Mobile & Apps, All rights reserved. Do not reproduce without permission.most read
related stories
more stories from News
Delve into the complexities of managing screen time for children as parents navigate between practicality and idealism.
ernest hamiltonDiscover why the Pixel 7a outperforms the new Pixel 8a in this detailed comparison. Learn about the advantages in affordability, color options, and feature parity. Read now to make an informed choice!
ernest hamiltonDiscover the future of smartphone audio with Moondrop's MIAD 01. Explore its dual audio jacks and premium DACs in this in-depth review. Ready to elevate your music experience? Read now!
ernest hamiltonUnveiling Android's AI evolution with Gemini integration, Discover how AI is poised to combat scams and revolutionize security. Stay informed and secure!
ernest hamiltonDiscover how Samsung's innovative Knox Journals are revolutionizing user privacy and data control. Learn how cutting-edge features empower users to take control of their devices and safeguard their personal information.
ernest hamiltonThe latest AI breakthroughs unveiled at Google I/O 2024, from Project Astra's revolutionary AI assistance to Gemini integration in Google Workspace and Android 15 innovations. Dive into the future of technology with seamless AI experiences.
ernest hamiltonGoogle teases a new AI camera feature ahead of I/O 2024, offering real-time contextual recognition and voice interaction on Pixel devices. Discover how this innovative technology enhances your mobile experience.
ernest hamiltonDiscover the latest insights into Apple's highly anticipated iPhone 16 Pro, from its innovative display and camera advancements to powerful performance and software integration. Stay informed as anticipation builds for the official unveiling.
ernest hamilton