The music industry has longed thrived on its diversity. A rich assortment of hip-hop, rock, country, R&B, classical, indie, electronic, and a million and one subgenres in between.
“A rich assortment,” however, comprehensively fails to describe today’s most influential music companies — which are increasingly eating into one another’s core businesses in a bid to grow their prosperity. At the center of this trend are those music-streaming services “doing a Netflix,” i.e., investing money into independent artists to create their own content outside the traditional record-company structure.
“A rich assortment,” however, comprehensively fails to describe today’s most influential music companies — which are increasingly eating into one another’s core businesses in a bid to grow their prosperity. At the center of this trend are those music-streaming services “doing a Netflix,” i.e., investing money into independent artists to create their own content outside the traditional record-company structure.
- 3/22/2019
- by Tim Ingham
- Rollingstone.com
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