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Bruce Springsteen Music Catalogue
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<blockquote data-quote="S87" data-source="post: 107308" data-attributes="member: 453"><p>I find this trend interesting because it shows how technology has completely changed the music market. Fifteen years ago, internet piracy was destroying this industry, while nowadays streaming is bringing in new steady cash flows. In 2020, despite a global economic contraction by 6%, streaming revenues were up to 19.9% and, it is clear that private equity music offers new dependable incomes. Analysts at Morgan Stanley estimated that, by 2025, the value of digital streaming will be around £33bn while music rights payments made by digital platforms (Spotify, Apple) will increase to £2.5bn. The streaming market is also expanding in other ways offering artists new earning opportunities: social media, videogames and e-fitness platforms have just started to license music IP from rightsholders. Furthermore, I find it fascinating how music streaming has forced companies, such as Spotify and Pandora, to regulate how they pay publishers and writers and the wide financial disparity existing between the former and their respective music labels. Finally, as an aspiring solicitor, I am intrigued by the perspective of working in this ever-changing market and learning how different teams such as IP, tax and corporate collaborate to sustain their clients' interests.</p></blockquote><p></p>
[QUOTE="S87, post: 107308, member: 453"] I find this trend interesting because it shows how technology has completely changed the music market. Fifteen years ago, internet piracy was destroying this industry, while nowadays streaming is bringing in new steady cash flows. In 2020, despite a global economic contraction by 6%, streaming revenues were up to 19.9% and, it is clear that private equity music offers new dependable incomes. Analysts at Morgan Stanley estimated that, by 2025, the value of digital streaming will be around £33bn while music rights payments made by digital platforms (Spotify, Apple) will increase to £2.5bn. The streaming market is also expanding in other ways offering artists new earning opportunities: social media, videogames and e-fitness platforms have just started to license music IP from rightsholders. Furthermore, I find it fascinating how music streaming has forced companies, such as Spotify and Pandora, to regulate how they pay publishers and writers and the wide financial disparity existing between the former and their respective music labels. Finally, as an aspiring solicitor, I am intrigued by the perspective of working in this ever-changing market and learning how different teams such as IP, tax and corporate collaborate to sustain their clients' interests. [/QUOTE]
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Bruce Springsteen Music Catalogue
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