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15 years of Spotify: How the streaming giant has changed and reinvented the music industry


How completely has streaming transformed the music world? The platform rose from 7% of the US market in 2010 to a whopping 83% by the end of 2020 – and recorded-music revenues saw their fifth consecutive year of growth, topping US$12.2bil (RM50.37bil), per the RIAA. AFP Relaxnews
LOS ANGELES: Ask any executive what the music business was like in the ‘00s and their face may take on an expression more commonly associated with narrowly averted disasters like car accidents or, more accurately, attempted robberies.
Due to peer-to-peer file-sharing platforms like Napster and Limewire, US recorded-music revenues lost more than half their value in the early years of the 21st century, falling precipitously from an all-time high of US$14.6bil (RM60.29bil) in 1999 to US$6.7bil (RM27.67bil) in 2014 and 2015 (according to the Recording Industry Association of America or RIAA) as songs transitioned from being sold on a physical object like a CD or vinyl to becoming a sound file t ....

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'It seemed almost human of them': Fife musician James Yorkston praises Spotify 'tipping' feature


© Supplied by James Yorkston
Fife musician James Yorkston tweeted about the Spotify Artist Fundraising Pick feature.
Fife folk musician and singer-songwriter James Yorkston sparked a lively Twitter exchange last week over a little-known Spotify app feature.
James, 50, whose latest album 
The Wide, Wide River was released earlier this year, tweeted last Monday: “I’m not a massive fan of Spotify, but since they’ve added that magic button where people can tip the musicians, I’ve seen a small stream of cash coming in. It’s most heartening.”
It was a seemingly-innocuous Tweet, but it has caused quite the stir. In just four days, it garnered more than 3,000 likes – and the comments show the “magic button” isn’t the only one being pushed. ....

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