Music Industry in 2010

In the 2000s, music had evolved to technology, downloading, and streaming. By 2010 there were 5 major digital music distributers. 

Amazon

Amazon is a company founded in 1994. Their platform was to sell books online but they soon expanded to electronics, video games, apparel, furniture, food, toys, and jewelry. In 2007, Amazon founded a streaming service called Amazon Music. 

Apple

Apple launched iTunes Music Store in 2003. By 2012, they created a store with over 26 million songs. By 2015, people wanted a subscription to streaming so Apple created Apple Music. Apple gives service to over 100 countries.

Spotify

Spotify was created in Sweden in 2008 as a private organization. Spotify is one of the most popular digital music service. They have over 40 million subscribers worldwide. Spotify even employs over 1,600 people

Tidal

Tidal was launched in 2014 from a Norwegian/Swedish public company. In 2015, Jay-Z bought the company and named it Tidal. Currently, Tidal claims to have 42 million subscribers.

Youtube

Youtube launched in 2015 and named their streaming service YouTube Music.  YouTube is unique because it shows concert footage/audio with the music.

 

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Desirae Banks

Desirae Banks

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