Like many creative industries, the music industry has undergone
significant changes throughout the last two decades due to new and
evolving technology. Most notably, the way that music is consumed
has altered considerably. It has gone from a largely physical form
with CDs, records, and live shows, to one where consumers are
easily able to stream music without much need to interact with
anyone else, much less the artists themselves. Add to this a global
pandemic whereby live music was largely put on hold given that
clubs and stores that would usually make use of music licences were
no longer operating.
The consequence is a greater reliance, and indeed value, on
streaming platforms such as Apple Music and Spotify resulting in
their perennial rise in power, largely leaving behind individual
artists and creators. The increasing power of streaming platforms
has led to calls for an industry regulator, pushing for profits to
be shared more equitably with creators and