How Streaming Service Is Killing Music Industry
Listening music has become much easier these days with the help of internet than what it was about a decade ago. There are dozens of apps available that can stream music either free or on-demand. However, the industry has some good notes as well as several negative impacts too. Let’s find out those.
The Good – You just need a smartphone or a computer to listen music anytime and anywhere.
The Bad – Most of the digital music files offer compressed audio level and this worsen the sonic quality as well as it eliminates a good chunk of musical content too. Instead distortion, noise and harshness are found in the sound that results with volume cranking.
The Good – Superior quality headphones and ear-buds have been like a good help to music lovers who loves to listen music anytime without disturbing the person next to him or her.
The Bad – A research says listening to music for just 75 minutes a day on daily basis on Mp3 player at full volume could lead to permanent hearing damage. The full volume here means at 120 decibels. A report of World Health Organization in 2015 revealed 1.1 billion young people are currently at risk due to personal audio devices. Similarly, a report of US Centers of Disease Control and Prevention said in 2010 that more than 16 percent of Americans of ages 12 to 19 suffered significant hearing loss.
The Good – The environment is now free of CDs as music can now be stored in clouds such as Spotify and Tidal. Our homes are also less cluttered now as we don’t have to buy DCs or vinyl albums.
The Bad – A data from Nielsen Soundscan reveals in the first of half of last year there were 209 billion on-demand music streams and the music sales rose by 11.4 percent in 2016 in the United States. This brought revenue of $7.65 billion to the industry, which was a jump from $6.87 million in 2015. However, the figure was about half of the music revenues in 1999 that was $14.6 billion.
The year 1999 saw most profitable year ever for the music industry and the primary reason was indefensibly inflated CD prices.
It is also to note that the digital album sales declined by 21.3 percent last year, which was a fall from 109.3 million units of 2015 to 86 million units. Similarly, the individually downloaded songs sales too decreased by 24.1 percent in 2016.
Take a look to the trend and make sure you listen to only superior quality music to enjoy it fullest.
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