The music industry is in flux right now. For decades, the music-buying world was easy to please. The only way to get you favorite tunes was to buy an album or single. Whether it was vinyl, tape, or CD, record labels were in control. With the advent of downloadable music, things have changed and record companies are having a difficult time figuring out how to make money off of what consumers want.
Subscription-based streaming services are definitely on-track to becoming the new medium for monetizing music. Companies like Spotify, Pandora, and Rdio are successfully solidifying their place in the industry. Apple’s recent acquisition of Beats put the company in the running, as well. However, Apple doesn’t want to keep the status quo.