I very much wanted to go to a NXNE panel this week entitled The Future of the Internet which promised to tell everyone where things were headed in the next 18 months. This article from TechRadar is a good substitute.
Since the appearance of the internet and the MP3 in 1993, the music industry has lost over half of its value, but it’s also been one of the most innovative areas for the new digital economy. We’ve had illegal file-sharing and court cases, arguments over compression rates and digital rights management, the emergence of iTunes eight years ago and, most recently, the Spotify phenomenon.
Other industries watched music struggle to combat then finally give in to, the internet. With streaming services now popping-up from all the major gate-keepers of the internet, music is once again at the forefront of the internet’s development.