Current and Future Trends in the Music Industry:

Current and Future Trends in the Music Industry:

There is no experience like the one you get when you see your favorite band or artist play a live show and you are there to witness it.  This has been one of the oldest forms of entertainment:  the “Live” show.  Thus, “show business” was a term coined by industry professionals and later integrated into common expression.  As the industry of entertainment changes, we must embrace this change.  Why?  Well, there has always been some kind of change in show business.  Whether is music, TV, film, or even education, change in trends have always been part of moving boundaries. 

Taking the Music Industry as an example, some of the current trends have a “back to basics” approach.  This approach has culminated with one of the most emotional experiences an “end-user” (or fan) can ever have:  Live Events.  Some of the most successful artists in the music industry have reaped the benefits of this.  In an industry far from 7 digit CD sales (remember the 90’s?), the live shows have increased not only for local, but also international artists.

Future trends can be summed up in one word:  Spotify.  Why Spotify?  They are taking on-demand radio in a streamed format to a different level.  With some of the most innovative techniques, varied catalog, and creative approach for its users, Spotify has taken the world of on-demand radio by storm.  Besides that, the artists that play on Spotify can expect some of the highest royalties in the industry. 

Therefore, both, the current trend of live events, and future trend of increased on-demand radio really respond to the same cause.  The cause here is that the end-user, the fan, the average listener, or whoever she or he may be, wishes for a more direct and tailored experience.  And, a concert, or premium online and on-demand station are some of the ways by which we could see the present and future trend in the music industry.