21min chapter

New Books in Economics cover image

Eric Drott, "Streaming Music, Streaming Capital" (Duke UP, 2024)

New Books in Economics

CHAPTER

The Streaming Economy: Impact on Music and Musicians

This chapter examines the concept of expropriation in the music industry, focusing on the Marxist perspective of the streaming economy's effect on musicians. It discusses how streaming services commodify music, influence listening practices, and shape relations between users and rights holders, while also highlighting the emergence of AI-generated music and proposed reforms to enhance artist earnings. By analyzing the evolving economic landscape, the chapter sheds light on the broader implications for musicians, investment strategies, and the future of music in a digital context.

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