Spotify allows you to pick the perfect music or podcast for any situation, whether you’re on the road or sitting at your work. It has more than a million music and podcasts to choose from. When driving or working out, it doesn’t matter what kind of music or podcast you choose. Instead of doing all the legwork yourself, you can just sit back and let Spotify do it for you. You may also listen to the private radio stations of your friends and celebrities or create your own and listen to it while relaxing in your own home.
Spotify can help you create a soundtrack for your life. To hear it, you may either pay a fee or simply listen for free. You’ll find music from every possible genre. Spotify is one of the most popular music streaming services in the world, with a market share of 36%. It has grown in popularity since its inception in 2008 and is currently considered one of the world’s most popular audio streaming services.
The Cons of Spotify
The same is true for the music industry. If you look at the music business, you will notice that streaming does not support musicians at all. They can only get cents for the streams they obtain, which severely limits their earning potential. When you look at CD sales, you will notice that artists make far more, implying that they can support their success. It would take billions of streams for an artist to generate a little bit of money, therefore it appears like Spotify is eliminating the music business. People used to go to their local record or CD store to buy an album, but now they can listen to whatever they want online.
The Pros of Spotify
As a result, those who are interested in using Spotify as a platform for their work will find certain advantages with the service. If you don’t enjoy the music on the CD, you’re unlikely to spend money on it. Before Spotify, individuals couldn’t hear a song before buying a CD since there was no means to do it before purchasing the CD. These days, you can find a band on Spotify and, if you enjoy their music, purchase a CD of theirs. It’s also a win-win situation for little-known artists that can’t afford to release a CD, because their songs get included to playlists without spending a lot of money on promotion.
What did you think? Is Spotify destroying the music business?
Only time will tell if the music industry swings in one direction or the other
