The trend continues...
The trend continues...
Not good news for the music industry, because they make less money on streaming. Therefore, they will turn up the pressure for streaming royalty increases.
I'm going to toss out an observation for all you music experts to ponder:
I am guessing downloads are losing the race because the music consumers of today (let's call them 'Twerps') are looking for the latest, greatest and "coolest" music and are very quick to toss yesterday's hits in the bit bucket. Unlike the Old Days where music classics (all the way from Standards to Metal) continued to be played on several genres of classic music stations. That has yet to happen across the nation with "new" music yet and I'm not sure it will have a market if and when someone tries it out.
In a related, but somewhat disjoint topic, I am continually amazed that American Idol uses so many classic songs in its programming. The audience (mostly made up of Twerps) seems to know most of those songs even as they are not the perfect material for the performers. Were I a performer I would not want to be compared to a very popular artist of yesterday by covering his/her music.
My sense is that just about everything tactile is disposable for Gen Y. Besides music, that includes cars, homes, furniture, and other worldly possessions. People are important. Things are not. Music downloads and CDs are things. The only exception I can see is the phone, and it's because the phone is their connection to people. So if you can enjoy music with your friends, and not be burdened with the weight of that music, either in terms of CDs or the memory they take up, it's all good.
Last edited by TheBigA; 05-16-2015 at 05:10 PM.
I would wager it's the overall 'free' nature of streaming that makes it popular with Generation Y.
It's not free to the services, but free to many (most?) of the users.
Downloads cost money, unless they're pirated. Streaming doesn't have to cost anything to be free (legally).
Thus the music industry is opposed to free ad-supported streaming, and is encouraging streamers to offer it as a paid subscription service.
i find that not true at all, the kids today have very poor communication skills....and they only text.....can you a actually hold an intelligent conversation with a 20 year old today.... do you know of any that could host a radio show?
People are important. Things are not.
Last edited by Richard Stefan; 05-20-2015 at 09:35 PM.
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