Streaming has transformed the music industry in more ways than one. It’s increased accessibility to various artists and songs, and it has also given people the chance to explore different genres while discovering lesser-known musicians. Streaming platforms, such as Spotify, Apple Music and even YouTube have given people the chance to discover new artists while also facilitating personal recommendations.
 

Revenue Streaming

Song streaming has also brought about a new stream of revenue for artists. Up-and-coming musicians can earn money based on how many times their song has been played. On top of this, collaborations between bands and playlist curators bring in a lot of sponsorship deals.
 

Fan Engagement

Fans are no longer anchored to a physical platform. Artists can now bridge the gap between them and fans. This is great, to say the least as it means that people can connect with artists anywhere in the world. Unsigned acts who might not have had a chance now suddenly do. The level of engagement goes even further when you take into account various streaming platforms, such as YouTube. This is great as it means that viewers can change their camera angle and answer questions about artists, live.
 

If you want to find out more about artists and how streams have changed the music industry then all you have to do is take a look at the infographic below. This is the best way for you to find out how you can benefit from streaming yourself, while also getting a much clearer picture of how it has changed the music business.

<a href="https://sxmbusiness.com/wp-content/uploads/2022/11/infographic-music-streaming-market-share-revenue-statistics-large.png"><img style="width:100%;" src="https://sxmbusiness.com/wp-content/uploads/2022/11/infographic-music-streaming-market-share-revenue-statistics-large.png"></a><br>Infographic designed by<a href="https://sxmbusiness.com/music-streaming-market-share-and-revenue-statistics/">market share of music streaming platforms</a>