✔️ What does the future hold for MUSIC STREAMING?
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If the streaming platforms that are popular now can’t make enough money to stay above water with their current models, what is to happen to the industry? Will there finally be enough cash if a certain number of people sign up and start paying? Will they need to start charging more than the standard $9.99 per month?
It is clear that whether those involved like it or not, streaming is the future of the music. Every year, album sales decline, and while some singles have still been able to sell millions upon millions, that’s not enough for an entire industry to subsist off of.
In 2014, Spotify reported impressive earnings of $1.3 billion, but that figure came accompanied with losses of just under $200 million.
Rdio, Live365, and Songza are just a few of the services that haven’t be able to keep up and have since shuttered.