Dear MEL Topic Readers,
Music industry as tough as it has always been, watchdog says
Music is art, entertainment, fun, and even meditation for some people. But creators and performers of music need to make their living and be given the chance to enjoy financial success. That’s why the music industry exists. In the last century, album sales like records and CDs were the major sources of revenue for musicians and record companies in addition to the ticket sales of the concerts. Nowadays, streaming has taken the place. It allows the audience to listen to music song by song or through subscription services like Spotify or Apple Music. For artists, they can create a mega-hit title without making a whole album that needs to be promoted and distributed by a record company. For listeners, they can enjoy any music they like anywhere anytime without a CD. But are musicians being paid fairly in the era of music subscription? Are they making enough money to continue creating and performing good music?
Enjoy reading the article about what the music industry is like in the UK now.
https://www.bbc.com/news/technology-62305395
Music industry as tough as it has always been, watchdog says
Music is art, entertainment, fun, and even meditation for some people. But creators and performers of music need to make their living and be given the chance to enjoy financial success. That’s why the music industry exists. In the last century, album sales like records and CDs were the major sources of revenue for musicians and record companies in addition to the ticket sales of the concerts. Nowadays, streaming has taken the place. It allows the audience to listen to music song by song or through subscription services like Spotify or Apple Music. For artists, they can create a mega-hit title without making a whole album that needs to be promoted and distributed by a record company. For listeners, they can enjoy any music they like anywhere anytime without a CD. But are musicians being paid fairly in the era of music subscription? Are they making enough money to continue creating and performing good music?
Enjoy reading the article about what the music industry is like in the UK now.
https://www.bbc.com/news/technology-62305395
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