{"id":17145,"date":"2022-11-13T15:30:34","date_gmt":"2022-11-13T15:30:34","guid":{"rendered":"https:\/\/showbizztoday.com\/index.php\/2022\/11\/13\/how-much-more-can-the-streaming-music-business-grow-not-much-it-turns-out-national\/"},"modified":"2022-11-13T15:30:34","modified_gmt":"2022-11-13T15:30:34","slug":"how-far-more-can-the-streaming-music-enterprise-develop-not-a-lot-it-seems-national","status":"publish","type":"post","link":"https:\/\/showbizztoday.com\/index.php\/2022\/11\/13\/how-far-more-can-the-streaming-music-enterprise-develop-not-a-lot-it-seems-national\/","title":{"rendered":"How far more can the streaming music enterprise develop? Not a lot, it seems – National"},"content":{"rendered":"

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Back in September at a music convention in Singapore, Sir Lucian Grainge, the CEO of Universal Music Group, said<\/a> that 100,000 new songs have been being uploaded to streaming music platforms on daily basis<\/em>. That determine was confirmed on the similar convention by Steve Cooper, the departing CEO of Warner Music Group.<\/p>\n

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The viewers was shocked. Numbers like 25,000 and even 60,000 have been tossed round. But 100,000?<\/p>\n

To be truthful, neither man was speaking about 100,000 distinctive and completely different songs. This quantity contains all of the remixes, edits, alternate variations, reside performances, particular mixes (Dolby ATMOS\/high-res\/Spatial Audio, and many others.), and the odd duplicate. But it\u2019s nonetheless lots. Apple Music, Amazon Prime Music, and YouTube Music all say they’ve no less than 100 million tracks obtainable. Spotify may very well be at that stage, too, however the latest official quantity I\u2019ve seen for his or her library is 82 million.<\/p>\n

To put that into perspective, even the largest file retailer again within the olden days (i.e. pre-Internet) stocked 100,000 titles at most. If we assume that every album has a median of 12 tracks, that\u2019s a mere 1.2 million songs.<\/p>\n

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Story continues beneath commercial<\/p>\n<\/p><\/div>\n

We\u2019ve lengthy handed the purpose of Too Much Music. Our selections are limitless, virtually infinite. And this isn\u2019t factor. Let me depend the methods.<\/p>\n

Let\u2019s have a look at it from the attitude of the artist. Making your songs obtainable for worldwide distribution has by no means been simpler. But while you add a monitor, it has to struggle for consideration with the opposite 99,999 tracks that have been uploaded that day, <\/em>to not point out the opposite 100 million already sitting within the library. Your model new unknown monitor has to compete with virtually each different track written in historical past.<\/p>\n

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\n\t\t\t\tThe reside music trade is in huge hassle. Here\u2019s why\t\t\t\t<\/a>\n\t\t<\/p>\n

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