Having such a globally recognised musically brands as Led Zeppelin, in addition to recent additions such as Pink Floyd, Metallica and The Eagles, in the Spotify stable has demonstrated the weight and momentum behind the music streaming service model.
I think is significant that these bands which initially held out against music streaming services such as Spotify, Rhapsody, Rdio etc., are now coming on board. While there may be real concerns and issues in terms of payment arrangements | terms to the artists (see BBC article “Spotify reveals artists earn $0.007 per stream”) – other services from Google Play (All Access) not forgetting Youtube, Apple (iTunes Radio) and Amazon (Cloud Player). Admittedly that may be a considerable shrink in terms of pay per stream instead of pay per song (9.1 cents (per song) – via wikipedia (don’t believe everything you read!)) – but the comparison of music streams to actual physical albums sales are subject to drastically different economic models and trajectories. And certainly from these charts, someone is making money from this.
I am a Spotify subscriber, so I’m not out to rip-off artists, in fact my subscription to Spotify is my way of supporting the music industry. I now pay something every month, rather than occasionally buying a CD. For me as consumer the model has great benefits, primarily being no longer limited to the physical copies I have to hand (actually purchased and own). So I am able to enjoy and sample a immeasurably wider spectrum of music than I ever had before (even the radio stations play ‘carefully selected’ playlists)… whereas with Spotify I can enjoy the full range | catalogue of an artist as I wish. Also I can’t lose or break the copy of the music I have, it’s there when I need it.
Certainly with digital stores and streaming services, the model of distribution and marketing for artists has changed irrevocably, and while it may not be as fair or mature enough in the commercials; I think it’s fair enough to say ‘the tide has turned’ – music streaming (and media streaming for that matter) is here to stay.
The new digital service allows listeners to tag any piece of music they hear on the BBC and listen to it later.
Do you agree?
Do you use streaming service – or stay away?