The Music Industry: Music in the 21st Century

The 21st-century music industry has shifted from physical sales like CDs to digital formats, making music easily accessible online via streaming services such as Spotify and Apple Music. This shift has changed how artists earn revenue, emphasizing live performances and licensing. Advances in technology and social media also allow artists to reach global audiences directly, fostering new opportunities for promotion and collaboration. However, it has also created challenges around copyright, fair compensation, and discoverability in a saturated digital landscape. Overall, the industry is more interconnected and dynamic, constantly evolving with technological innovations.