Despite Spotify occasionally being in the news for not paying the artists much, I bet this does add a lot of new revenue for the music industry.
Before I joined spotify (about a year ago) I hardly ever bought CDs or MP3s (defintely less than the £120/year that Sptofy costs) - there must be many other people also who are paying for Spotify now who never used to spend much on music before
Spotify is really sort of a separate internet for music. Anywhere you are, if you hear about a new genre, you can immerse yourself in it within seconds. Imagine doing that back in the days of Tower Records? Even the Tokyo location, or Amoeba Music can't cover the territory like Spotify can. I've tried.
> I bet this does add a lot of new revenue for the music industry.
Not that much.The music industry is over. Call it the entertainment industry , where the popularity of a song is mesured by youtube views,not actual sells. Even iTunes don't pay that much now a days. It's good, because any artist can "grow up fast" with a good social network marketing strategy. It's bad, because some kind of music need some investment only big producers could afford before. But crowdfunding can fix that. Yet no one can deny that the amount of crappy music today is just overwhelming (looking at you "hiphop"). Something like Nirvana could never happen today.But bands like Nirvana could have a moderate success.
But if you ask me, as an artist,while it's tough,i'm ok with how things work today,since I actually do some gigs and that's the most interesting part.
Before I joined spotify (about a year ago) I hardly ever bought CDs or MP3s (defintely less than the £120/year that Sptofy costs) - there must be many other people also who are paying for Spotify now who never used to spend much on music before