Millennials’ music consumption patterns

Introduction

With the development of high-speed internet and the widespread adoption of smartphones,

music consumption is changing, as seen in how younger music consumers can access music and

share their music experiences in various ways. Millennials’ music consumption patterns differ from

older generations and will have a different impact on music publishing, marketing, distribution,

and promotion. Music consumers have access to a much wider choice of music, as anyone can

listen to anyone else’s music through streaming services which have become ubiquitous.

The latest music economy is bringing about the disruption of every industry, and music is

no exception. Music publishers must begin to understand how onlinedigital streaming transforms

how people listen to music and pay for music. As licensing trends are constantly changing, music

publishers need to develop new licensing methods and make the most of new technologies to

survive and thrive in the new music economy. Spotify has taken the music industry by storm, and

now more than 30% of users listen to music on their platform, which is a significant achievement

for the new music industry.

Spotify Digital Streaming

So, it comes as no surprise that Spotify is turning into one of the world’s most extensive

music streaming services and making it one of the most lucrative and innovative business models

for musicians and music publishers. Spotify was the number one music streaming platform from

the beginning, as it offered a very affordable monthly subscription service that was affordable and

allowed a large number of people to start listening to music. The company did this by being very

user-friendly and offering great user experiences. Spotify is a digital music streaming technology

that will change the music industry. The company is based in Sweden, and it’s working with the

most popular audio streaming technologies. Spotify was introduced to the market in 2008, and it