Thu, Jan 31, 2013 - Page 12 News List

Music’s money-making future

Spotify, which began streaming music in Sweden in 2008, allows users to choose from millions of songs over the Internet free or by subscription, and is increasingly seen as representing the future of music consumption. But the new trend might be condemning some musicians to poverty

By Ben Sisario  /  NY Times News Service

“Artists didn’t make big money from CDs when they were introduced, either,” Passman said. “They were a specialty thing, and had a lower royalty rate. Then, as it became mainstream, the royalties went up. And that’s what will happen here.”

This story has been viewed 2782 times.

Comments will be moderated. Remarks containing abusive and obscene language, personal attacks of any kind or promotion will be removed and the user banned.

TOP top