Just something I wanted to post to expand the discussion, as I obviously don't know everything about the music industry, and since this was put together fairly quick, I didn't put in a lot of research.
Here are the links mentioned in the video:
LINKS: Tedinmexico links All Forum Posts:
"...Business is going to collapse" Post
"Heavy Weights Pulling music" Post
2010 iTunes stats:
The iTunes Store is a software-based online digital media store operated by Apple. Opening as the iTunes Music Store on April 28, 2003, with over 200,000 items to purchase, it is, as of April 2008, the number-one music vendor in the United States. On February 24, 2010, the store served its 10 billionth song download; this major milestone was reached in just under seven years of being online. iTunes accounts for 70% of worldwide online digital music sales, making the service the largest lega Since...
2014 iTunes stats:
The iTunes Store is a software-based online digital media store operated by Apple Inc. It opened on April 28, 2003, and has been the largest music vendor in the United States since April 2008, and the largest music vendor in the world since February 2010. It offers over 43 million songs, 700,000 apps, 190,000 TV episodes and 45,000 films as of September 12, 2012. The iTunes Store's revenues in the first quarter of 2011 totalled nearly US$1.4 billion; by May 28, 2014, the store had sol While most ...
2003 iTunes stats:
iTunes in numbers: No-one can beat the superstore
2011 Pandora stats:
Pandora Internet Radio (also known as Pandora Radio or simply Pandora) is a music streaming and automated music recommendation service powered by the Music Genome Project. The service, operated by Pandora Media, Inc., is available only in Australia, New Zealand, and the United States. The service plays musical selections of a certain genre based on the user's artist selection. The user then provides positive or negative feedback (as "thumbs up" or "thumbs down") for songs chosen by the service, a...
2010 Pandora Stats
Pandora Radio is an automated music recommendation service and custodian of the Music Genome Project. Users enter a song or artist that they enjoy, and the service responds by playing selections that are musically similar. Users provide feedback on approval or disapproval of individual songs, which Pandora takes into account for future selections. While listening, users are offered the ability to buy the songs or albums at various online retailers. Over 400 different musical attributes are consid...
Spotify 2012 stats:
Spotify is a Swedish music, podcast, and video streaming service that provides digital rights management–protected content from record labels and media companies. It is available in most of the Americas, Europe, and some countries in Asia and Oceania. Music can be browsed or searched by artist, album, genre, playlist, and record label. Spotify was launched in September 2008 by Swedish startup Spotify AB. As of August 2016[update], Spotify had more than 100 million active users and abo As of Augus...
Spotify 2010 stats
Spotify is a music streaming service with desktop applications available for Linux, Microsoft Windows and Mac OS X. Developed by Swedish startup "Spotify AB", the proprietary, DRM-based software allows unlimited streaming of selected music from a multitude of major and independent record labels including Sony, EMI, Warner Music Group and Universal with virtually no buffering delay. Music can also be imported from either iTunes or directly from local files. An ad-supported version of the software ...