Music Streaming Industry

The music streaming industry provides digital platforms, like Spotify or Apple Music, that allow users to listen to a vast catalog of songs instantly over the internet. Instead of buying individual albums or songs, subscribers pay a monthly fee or use free ad-supported versions to access millions of tracks on demand. Music rights holders, including artists and record labels, earn royalties based on how much their music is streamed. This industry has transformed music consumption by making it more convenient, vast, and accessible, shifting revenue models from physical sales to digital access and data-driven licensing.