In Part 1, Justin outlined the novel business model of music-streaming services.
The picture of the music industry painted so far is rather bleak—it’s difficult for an artist to earn money.
Recent years have marked the exponential growth of music festival events in Australia and across the globe. Solomon explores the economic rationale behind this phenomenon.
Last year, Taylor Swift took a stance against the rapid rise in music-streaming services and pulled her immensely popular albums from Spotify, signalling that streaming music services weren’t sustainable for artists.