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Will Spotify save or kill the music industry?

Will Spotify save or kill the music industry? Love it or hate it, music streaming is here to stay. Spotify has pioneered another legal alternative to piracy – advertising-funded...

Will Spotify save or kill the music industry?

Love it or hate it, music streaming is here to stay. Spotify has pioneered another legal alternative to piracy – advertising-funded and paid subscription-based music streaming. Alas, the royalty rates for music streaming are much lower than for downloads and CD’s, so it’s not exactly an apple-for-apple replacement for the other declining or stagnant sources of revenues. Nonetheless, Spotify is a welcome legal service that is easy to use and provides an even better customer experience than illegal P2P downloads on Bittorrent or the various Napster-clones that arrived after Napster’s demise. Even better still, Spotify is free, making it more attractive than illegal P2P. Who would have thought that anyone could come up with a business model that would get kids off the P2P bandwagon.What do you think about Spotify? Are you happy with your streaming royalties? Let us hear your thoughts below.
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