gassor
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Streaming services have reversed the fortunes of the music industry in Sweden and now generate more income than downloads or CDs. But can the model be replicated worldwide?
Streaming services make their money from adverts or monthly subscriptions from premium users. For Spotify, the fees are about $15 (£10) in Sweden and the UK and $10 in the US. The more a track gets clicked on, the more it earns for the rights holder, be that a label, artist or composer.
But like many of its international rivals, it faces continued criticism from performers who say their songs need to be played hundreds of times to generate the same kind of income that they would earn from a single download or CD sale.
I havent bought CD/album for years. I mean who wants to spend hours flicking through CD or album covers in a restricted space in a cramped shop? With streaming you can explore till your heart's content and listen to all the new releases you want. Having a party - playlist ready in 30 mins, what's not to like when you get CD quality through the ether.