Dozens of artists from David Byrne and Thom Yorke on down have decried streaming music services (Spotify, Rdio, Deezer, Songza, etc.) as evil, the killers of art and destroyers of cashflow for music creators. But is streaming really all that bad? Maybe not.
In an article called “Dollar-and-Cents Secrets of Music Streaming, The Wall Street Journal argues that there could be more money for everyone–eventually–in streaming albums than through downloads.
The average “premium” subscription customer in the U.S. was worth about $16 a year to this company, while the average buyer of digital downloads or physical music was worth about $14.
Other data from the same company showed that in the long run, even many individual albums eventually make more money from streaming services than they do from downloads.
Underscore that phrase, in the long run.
This is an argument I haven’t seen before. It’s DEFINITELY worth the read.