Music Streaming to Overtake Downloads

Barence writes "Streaming will overtake download services to become the dominant force in the online music industry, according to industry insiders. The claim comes in the wake of the PRS cutting the amount of royalties streaming services have to pay songwriters to about a third. Sites will now pay the PRS 0.085p per track, compared to the 0.22p they paid previously. On-demand streaming services still have to pay the record labels about 1p for every track streamed, however. Steve Purdham, CEO of music service We7, says the move will accelerate the growing trend towards online streaming which has seen newcomers such as his site and Spotify attract millions of users in less than a year. 'Over the next 12-24 months you'll see a move towards listening [online],' Purdham told PC Pro. 'Why do you actually need to have something downloaded on your PC? The streaming idea is really the future.'"

Comments

Spotify is a valid option.

[iVasto]

I for one have used Spotify in the past. I no longer use it because every couple weeks I had to hunt down a British proxy in order to log in--Spotify isn't available in the US yet, hence the proxy. However for the two months I did use it, I loved it. The music library is a decent size, the playlists work well, and it even has the ability to have collaborative playlists. The creator of uTorrent, Ludvig Strigeus, is involved with Spotify. Granted, Spotify did not stop me from downloading music due to needing to put music on my iPod, I did download a lot less during those months. Spotify allowed me to listen to complete albums without needing to download first. This resulted in me only downloading the albums I really wanted on my iPod. Also, probably the most convienant part of Spotify was that I was able to set my laptop out at parties and people could add almost whatever song they could think of onto the playlist.

Spotify will not replace downloading, but I do believe that it will significantly reduce it.

Probably yes.

[Max Romantschuk]

While I like my CD collection, I have to admit that Spotify is really really handy for casual listening. I have a jukebox of ridiculous proportions at my disposal, for the relatively cheap price of a few audio ads a day. (Which I could also get rid of with the subscription option.)

Streaming has the additional benefit of making it impossible to lose / delete what you don't story anyway.

I don't really think a lot of people will find the buying option very attractive once 3G cell phones acquire this ability... I'm waiting for Spotify for my phone, (they already hired an S60 developer,) but then again I live in Finland. ;)