The Transformation of Music Consumption

Streaming has revolutionized how music is accessed and enjoyed, giving listeners an extensive library at their fingertips. This change has democratized opportunities for independent musicians, challenging traditional label dynamics, but it has also introduced complexities, as notable artists have criticized streaming platforms like Spotify for their adverse effects on musicians' revenues. With over 600 million users, Spotify's dominance shapes industry practices, including algorithm-driven playlists that dictate how music is curated and consumed. The overwhelming dominance of major label content suggests that while access has increased, fairness and equitable revenue distribution remain contentious issues.