In today’s world, we see constant innovations and expansions regarding the media, music, and technology. This article will explore the music industry revolving around its current state and where it is going.
Act #1: Setting the Stage.
The latest media force of ‘TikTok’ has been transforming social media. TikTok is the newest form of social media that substantially assists the music industry and has become Gen Z’s most prominent obsession. With more and more of the world’s population connecting to the internet, platforms like this are proving to be the best way of content sharing for all creators, including musicians.
Act #2: Where the Music Industry is Going.
Currently, streaming is arguably the number one dominant force of power and income for the music industry. Apps like Spotify, Apple Music, Amazon, and Youtube command over the streaming scene, bringing in the most consumers and profits for music. Many artists and most music labels continue to profit from streaming services rather than live music concerts, keeping streaming as the dominant virtual force for music consumption in today’s society.
So, what is the future of music? New technology such as Siri and Alexa are significant factors that further promote streaming. With a simple voice recommendation of which song to play available at any time anywhere, it is no wonder why streaming is the preferred option for most people. Technology like this is for user enjoyment and efficiency; the more advanced it gets, the easier it becomes to listen to our favorite artists.
Act #3: ‘The Encore’.
Even though technology moves fast, the music industry does not solely rely on its innovations. Still, the human aspect of it all is crucial for the growth of music. The live experience is more fulfilling than the virtual experience. Therefore, the live concert is still a leading element of the music industry and will continue as an integral part in the future of music.
To find out more about the future of the music industry, visit the source information at the Forbes website.
Artists at Canyon Entertainment Group are great representatives for how live concerts create more satisfying experiences than streaming. To learn more about the music industry and watch interviews with local artists, check out the company website and contact info(at)canyonentertainmentgroup.com for more information.
