GearAndGuitars 21st June 2014 05:13 PM
The music industry is still screwed| Salon
Pandora, Spotify and Beats aren't making a profit. If they never do, your favorite band will need a day job
What if the future of streaming music is a bust?
On June 9, a musician named Michael St. James tapped into a deep vein of insecurity shared by all artists challenged by the ongoing digital transformation of society. He wrote an article posing the question: What if it just doesn’t work out? What if, ultimately, there isn’t enough money for artists to make a living? As it is, the streaming companies who’ve risen to prominence in recent years — Pandora, Spotify, Beats — aren’t making a profit. And what happens if they never make a profit?