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Beatport Shuts Down Streaming Service: What Does This Mean for the Music Industry?

Image via Shutterstock

On May 10, 2016, Beatport, the online music store primarily aimed at EDM fans, posted a notice to fans on its blog announcing that it will be shutting down its streaming services, Beatport News, its app, and its events section. This comes at a tumultuous time in the music industry when the fate of all streaming services, and maybe the industry in general, are uncertain.

Is 'All in One' Going to Be the New Norm for Streaming?

Image via dailyrindblog.com

This article originally appeared on The Daily Rind.

 

No doubt we’ve all written and read countless articles about streaming. There will always be those who declare it to be the shotgun-wielding savior of the music industry, singlehandedly delivering us to greener pastures and fatter pockets, and those who declare it to be nothing more than the final fart of a rotting corpse to which we dedicate so much of our professional lives. So I won’t throw my two cents into the mix. I do, however, want to address what could be interpreted as the gentle shift towards providing music consumers with a one-stop shop for all of their consumption needs – in particular, the live music space and ticketing.

Where Does Tidal Stand After 12 Months Compared to Other Streaming Services? [Chart]

Image via Wikimedia Commons / CC BY 2.0

It's hard to believe it's been a whole year since Jay-Z launched music-streaming service Tidal. Poised to potentially take over the digital sector of the music industry (like he's pretty much taken over every other realm, let's be honest), many people were immediately skeptical of Jay's grand ambitions, and for good reason. How would Tidal compete with the likes of Spotify and Apple Music?

So, the question remains: in its first year, how did Tidal do exactly? Despite big-time releases from artists like Rihanna and Kanye West, how does it rank against the big guys? Check out the infographic below from Statista and find out!

Internet Radio Now Has to Pay You More for at Least the Next 5 Years. Here's What Went Down

"Let's see what's on the Pandoras tonight, dear!" (Image via howsweetitwas.wordpress.com)

If your music is already on internet radio services like Pandora and iHeartRadio, you're probably aware of what the payout rates look like. If you don't know, let's just say that they aren't the kind of royalties that you can retire on, unless you're planning on having your songs streamed several billion times (you wish). Thankfully, the amount that you'll be paid per stream is going up. Not a whole lot, but when it comes to streaming (and making a living from the music industry), every little bit counts, right?

How to Use Playlisting to Get More Fans

Image courtesy of AB Co.

So you have a new track and you’re ready to release it. Great work! What’s your game plan?

There are many marketing avenues for you to map out before you’re ready to release, and each one is just as important as the next. In fact, it’s the decisions you make right now that will either launch your career to new heights, or simply simmer away into obscurity.

Out of the many avenues you're strategizing when it comes to launching your song, one you must consider spending some time on is the phenomenon of playlisting, which is simply a list of songs compiled to represent a certain mood, genre, or event. Playlists are how music fans are discovering most of their new music these days, thanks to the current boom of streaming services like Spotify, Rdio, Deezer, Songza, and Pandora. In fact, Spotify users find, on average, 26 new artists a month through the platform. That’s pretty cool.