Looking at the extreme changes that the music industry has been experiencing for the last decade, especially from the ‘selling music’ angle, the answer to the above question is still unclear for some. However, personally, sale of music will never become totally redundant. I believe that people will always be willing to buy their favourite albums, whether it is vinyl or digital version.
However, the biggest part of the answer lies in the management and how the music will be presented to the public in the future. It will always be there for us to listen, whether it is soundtracks in the movies, or road trip playlist. Musicians and bands will always be selling their songs and melodies. The question is: are we going to pay for it and if not, who will? The music industry is structured in such a way that someone would have to pay for music, and businessmen would find all the ways to make it happen.
Remember that album you were obsessed with in summer 2015? We all know you would want to listen to it again. And you will. You are willing to pay to listen to it.
For example, Spotify is perfect for users. We have a choice to pay for a subscription, and 42% of application’s users chose to do so. However, with the recent news, Spotify does not look so good for Spotify itself either. More and more artists are refusing to sign contracts with the biggest music application to date. It might be that the platform would not operate in the near future at all. However, the demand would still be there. Remember that album you were obsessed with in summer 2015? We all know you would want to listen to it again. And you will. You are willing to pay to listen to it.
Nevertheless, it does not stop here. If you are one of the 58% of Spotify users and think you are listening to music for free. You are wrong. Whether it is radio, cinema or even café – it is not obvious, but we are all paying for the music we hear! So if I ask you now, do you think that the sale of music will become redundant in 100 years, is the answer still yes?
- Kseniya Zinchenko (Editor @Good4Ears)
Read more from Good4Ears here.