Four papers and hours of Pandora and Spotify later, finals week is over. For all of the time I spent listening to music for free through Internet streaming services, the artists who helped me through a tough week are receiving mere cents from me and the digital music streaming services I’ve used.
The current copyright regulations governing the music industry haven’t been updated since 2001. Since then, the iPod has debuted, parents use “iPad time” to incentivize their toddlers to use the toilet, flip phones are a rarity, and Spotify and Pandora exist. The drastic changes in technology have resulted in patterns of consumption that allow consumers to pick and choose songs instead of buying entire albums, and listen to stream music through numerous devices for free. Despite the shifts in revenue streams, the policies governing the compensation of songwriters, composers, and other creatives have not. These creative forces driving the music industry are facing unfair compensation from these new services, a problem that has the potential to bring down the entire industry. Was Taylor Swift on to something?
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