A revolution is underway in the music industry, well described on Ft.com by former Spotify chief economist, to understand the change underway, significant data is enough: in 1984 in the UK 6 thousand music albums were released while today the streaming services make 55 thousand new songs available every day.
There is more music and there are more musicians, but most of them can’t live with music alone.
This is happening in the complicated period of the pandemic.
As we have written several times in previous Amy’s blog posts :
music was one of the first industries affected by the digital revolution and the world of music has become the laboratory of the next cultural industry where the pandemic has further accelerated the process of transformation, towards the virtual space.