The music industry has given rise to various noteworthy and remarkable artists, and has also boasted a number of music lovers. The popular ways and means of music consumption has changed over time, but the music industry continues to prove itself to be adaptable to the changes in the trends and technologies of the music world.
Since the trends have the power to bring changes to the industry they belong to, the best part about a music industry is its diversity and the emerging artists producing great music. Following are the predictable trends in the music industry.
Fewer Downloads, More Streams
Streaming can be called as the new king of music consumption. Streaming is now considered becomingthe most widespread way of listening to music and so, music streaming has dominated the physical formats such as the CDs. Moreover, music streaming has helped younger audiences in abandoning radios. Only the 39% of young music listeners opt for radio, while the other young audiences better like to stream and go to YouTube to listen to music. This new culture of music streaming is more likely to take the music industry to yet another level.
All About Live Performances
In spite of all the ease of streaming, the music industry is all set to lift up the game of live performances. Nothing sounds more magical than seeing your favorite artist perform your favorite songs, and that too live. As a result of which, music industry is now going to have more tours, with more music lovers traveling to see their favorite artists and bands. Also, music tourism is also expected to continue more with this emergence of live concerts.
Latin Music Influence
The main mainstream acts have been influenced by Latin Music along with taking over the charts. Latin Music has been propelled onto the global stage by streaming, especially YouTube. Latin artist collaborations are making a highlight in the music world. This next music trend aims to upgrade the global culture of the music.
No Big Concerts- Just Festivals
With the exclusion of old acts and the casual and occasional pop sensation, very few bands and artists are able to pack up large arenas or stadiums. And so, the festival trend in the music industry is predicted to fill up large arenas, where listeners have the freedom to choose among the many phases of enjoyment, just as it is on the internet.
A Wave Of Retro Music Comebacks
Since high fidelity music and streaming over wireless connections has taken over the music world, hardcore music nostalgia are more likely to take out their first generation iPods and fill them up with retro music. While, the younger audience stream, the grandpa tune into their collection of LP record. in addition to this, the big famous music bands are making a comeback with tours and reunions. Such reunions has already planned to put in action the musical comebacks, making music comebacks yet another trend in the music industry.
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