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Document Type

Article

Abstract

Since its introduction in the early 2010s, music streaming has transformed the industry. Streaming has both fans and critics. One of the most notable critics is superstar Taylor Swift, who has questioned streaming’s ability to adequately compensate those involved in music creation. My analysis acknowledges her critique and looks specifically into how streaming services have affected all participants in the industry. While streaming initially decreased profits in the music industry as a whole, the industry has adjusted and has seen returns from this new model of music consumption. Streaming services increase benefits to all players in the music industry by decreasing piracy, increasing music discovery, and drawing consumers to other areas of the music market.

Publication Date

Spring 2021

Journal Title

Major Themes in Economics

Volume

23

Issue

1

First Page

51

Last Page

63

Copyright

©2021 by Major Themes in Economics

Language

en

File Format

application/pdf

Included in

Economics Commons

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