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John Ross Jesensky Weighs in on Success of Online Streaming Services and the Future of the Music Industry

John Ross Jesensky Weighs in on Success of Online Streaming Services and the Future of the Music Industry

John Ross Jesensky Stream MusicOver the years, the internet has been at the core of a number of technological developments that have radically altered the way music is consumed. File-sharing services led to quite a bit of consternation among musicians and other music industry professionals, particularly due to the prospect of massive revenue losses created by consumers choosing to share an album with one another rather than buying it themselves.

The advent of online music streaming services, musicians like John Ross Jesensky and many others have wondered about the resulting impact on the industry at large. Thus far, the proliferation of online streaming services has been something of a boon to musicians due to the fact that they receive the royalties they rightfully deserve.

Since Spotify, currently the leading provider of streaming music services, utilizes a business model in which the primary expense is paying royalties for the songs it play, one has to wonder if the fact that the company’s most recent filing that reported a $200 million loss will give rise to a new music service that is not as kind to the musicians responsible for creating the music consumers listen to.