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Liz Pelly, "Mood Machine: The Rise of Spotify and the Costs of the Perfect Playlist" (Atria, 2025)

New Books in Economics

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Streaming's Impact on Music Diversity and Artist Welfare

This chapter examines the streaming royalty system's effects on music diversity and the financial stability of musicians. It highlights the challenges faced by independent artists due to an unbalanced system favoring major labels and discusses potential government interventions to support the music industry. The chapter also explores how streaming platforms influence music consumption habits and the emerging issues in genre-specific artist promotion, particularly in the lo-fi music scene.

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