5 Ways To Make It In Today’s Music Industry

Its official! The major music labels have abandoned the traditional business model where the goal is to sell music. With the emergence of successful streaming services like Spotify, Google Play Music, Yala Music, Deezer, and probably twenty-plus others, it is impossible for a company to make money if it depends solely on consumers purchasing music. Not only are sales (both physical and digital downloads) down, but the revenue generated through streaming services is only a fraction of what sales use to generate back in the “good ole days”.

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