[Music Monday] What An Exciting Week For Digital Music!
Who says the music industry is dead? While Napster might of spelled doom at one point in history, the past 10 years has seen an ever-accelerating comeback in the digital music space. While iTunes might still hold a dominant spot over digital music sales, more innovations and startups are breaking into the scene and making their own noise (nudge at Spotify). I literally couldn’t decide what to write about for this week’s column, so I’ve decided to do a short summary of all the interesting news around digital music.
- As previously covered on Dailysocial, there’s an indication that iTunes Store might finally be opening up in Indonesia. Although iOS device penetration is lowest here, it also means that there will finally be an easy-to-use music download store in Indonesia. But would it have the relevant music catalog to match?
- Spotify wants to cannibalize piracy. With 10 million active users and 3 milion paying customers, they might just do that, and catch up with iTunes to boot. But there’s a monster looming around the corner – the artists who aren’t getting paid from streaming services, not to mention big names like Coldplay and Adele withholding their catalog from streaming services, as part of a sales strategy, apparently. But with Spotify already paying out a lot in royalties, time will tell if they have a change of tune.
read the rest of the post on Dailysocial.