Tuesday, April 17, 2012

Spotify?

In 1999, Napster and its p2p file sharing music platform sparked the beginning of an economic crisis for the music industry. Since then more than 50 percent of revenues have been lost while thousands of music industry jobs have been cut. Music piracy has greatly hurt the world of music. “From 2004 through 2009 alone, approximately 30 billion songs were illegally downloaded on file-sharing networks.” Artists and the teams of people behind the scenes have been drastically hurt by the global trend of illegally downloading music. As music is an essential part of our culture and mindset, it’s a wonder what could’ve been had the industry not had to suffer through such a drastic change.
 
Spotify emerged in 2008 in Sweden as its founders Daniel Ek and Martin Lorentzon wanted to provide a way to offer music while not shortchanging the industry.With over 15 million songs offered in various genres they are Europes largest subscription based music service. Their hopes to move toward the end of piracy are quickly being realized as it has already given over $150 million back to the music industry.

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