Streaming services are a blessing and a curse for the music industry

Paid music streaming services can increase revenues for the music industry and lead consumers to spend more money on music overall. Free streaming, in contrast, is less beneficial. These are the findings of a recent empirical study that included interviews with over 2500 music fans over the course of more than one year. They found that although free as well as paid streaming services reduce revenues from CDs and downloads, the subscription fees for paid streaming services over-compensate for the