Re: Music Industry Cannibalism

shutterstock_182483948

I found Sharon’s article interesting because I’m a fan about music and it ranks my favorite hobby. Actually, since I just came to Canada for a few months, I hardly ever YouTube channel, and never heard about Spotify before. My feelings and experience of music are more from China.

I used to save money to buy my favorite CD when I was in my childhood, but now I don’t want to buy it although I have enough money for one. Streaming online is so developed that everyone can enjoy whichever song they like, and its convenience makes people not willing to pay for music anymore. Like in Spotify, it is really popular in Europe and America, which has a big amount of users with paid subscriptions. However, more users just enjoy free music, and that is why it cannot show a turn from loss to profit. In the contrary, CD industry suffers more. In 2013, HMV, the world’s largest CD chain claimed bankruptcy,which illustrates a great threat from streaming online.

Most of CD buyers are die-hard music fans, and they buy CDs are more for collecting rather than just listening. For the general music lovers, streaming is a better choice. Although in China, there are lots of free apps for music, some platforms are considering to charge, like we have to pay for a meal. This is long-term beneficial as it makes streaming music industry a stronger revenue stream but also balances CD industry, reducing the negative impact to it. On the other hand, it is also a respect for music, for those artists and producers.

Leave a Reply

Your email address will not be published. Required fields are marked *