How Subscription Streaming Services May Yet Save The Music Industry

The digital revolution hit big recording companies hard, but revenue has started to turn around in recent years. One big reason: streaming music.

Source: Bigstock

In 1997, music was sold and enjoyed on physical media, mostly CDs. My turn-of-the-century vintage Toyota, which I still drive today, came standard with a built-in cassette player. But 20 years ago this month, in September 1997, Capitol Records/EMI made the very first buck from the sale of a digitally downloadable song -- a single from the new Duran Duran album. It was the first small pebble of an avalanche that Capitol Records itself only survived through acquisition by Univer...

 


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