Online streaming services such as Spotify and Apple Music have become the recording industry’s single biggest revenue source, overtaking physical sales of CDs and digital downloads for the first time, a trade group said on Tuesday.
This, of course, comes as no big surprise. I still buy albums from iTunes for the bands I really love, but streaming on Apple Music is now the norm. What’s still unclear to me is how the musicians are doing financially with the rise of streaming services.
I’ve finally given in as well and gone completely streaming. I do like it because it lets me sample bands I would never cough up $10 for. I also play in a cover band and at church so I can create rehearsal playlists without paying for music I really don’t want. That said, I still buy albums from my favorite bands, but now I buy those on vinyl.
David Crosby was just interviewed on Here’s the Thing and briefly mentioned streaming and its impact on artists. Interesting POV.