The Value of Music Streaming Services

Music streaming services offer significant value for consumers, providing access to virtually every song ad-free for a monthly fee considerably lower than other subscription services like Netflix. At around $12 a month, music streaming is seen as the best bang-for-your-buck consumer subscription product available today. This pricing structure highlights the challenge faced by major and indie record labels as they seek methods to encourage consumers to pay more for music, especially in a market that seems perfectly satisfied with the current pricing model. The stark contrast in pricing between streaming services and other subscription platforms like Netflix continues to frustrate industry executives who wish for higher revenues.