Streaming Services and Physical Media Sales are Working Wonders

Credit: Alesan R. Aboafahe, Canva.

The music industry has been receiving more revenue by constant streamings through apps like Apple Music and Spotify. To be exact, streaming makes up about 80 percent of the industries revenue.

Applications that allow people to stream music are making a revenue of $4.3 billion (Steele, A. 2019). Which is where most of the revenue is contributing from. More and more people are becoming premium members of Spotify or Apple Music and streaming the catchiest songs ranging from Drake, Lana Del Rey, Billie Eilish, Ariana Grande and so much more.

Music streaming apps are not the only factors contributing to increased revenue for the music industry. Gen Z and Millenials are taking it back to the 90s with trends of vinyl and CDs. CDs made a revenue of around $485 million in about six months and vinyls adding in about $224 million, according to The Verge’s article result (Alexander, J. 2019). I think that these numbers are exciting to see. It shows how popular trends become and how they can make a major difference in specific industries. There is also an art to listening to music through a record player or a CD player, it makes it seem more “aesthetic” as the kids now say. It allows the listener to appreciate and really feel the music. I believe this is important and the numbers will continue to grow because of how influential music can be!



What’s the Real Deal with Netflix?

As a Netflix consumer and customer, I believe that Netflix is at a dangerous spot. This article discusses the challenges and effects that could take into play on how Netflix will do in the upcoming years. What caught my attention about this article is the fact that Disney+ could become a big competitor with Netflix. When I first heard of the new Disney+ streaming service, I believed that it was an absurd idea. Why? I grew up with having to watch Disney Channel on cable TV, thinking about Disney having a streaming services kills the idea of Disney Channel continuing to exist on television. Now that I am aware of what it has to offer, I think Netflix is going to need to take a Netflix chill pill. Disney+ is incorporating media from National Geographic, Marvel, Pixar, and even Star Wars. These companies have a wide audience do to their movies, streaming all of the options is a gamechanger.

As stated in the CNN article, not only was 13 Reasons Why a topic of discussion but another show called Friends (2003) caused some bickering. Netflix decided to keep Friends on their platform for $100 million. Some people were happy that this was their strategy, others found it a waste of money. Personally, I could be included in the group of people who believed that it was a waste of time and money to keep Friends on for another year. There are plenty of other shows that consumers Tweet about having on Netflix, but its always up to Netflix to decide.

Ultimately, I can agree that Netflix has some deep competition with Disney+. With the number of fandoms and audiences that Disney+ targets towards, I can already feel the intense amount of fiery that Netflix will sense once they see how many people have #Disney+ trending!

“Netflix could face trouble ahead. Here’s why” by Brian Lowry, CNN.

“Netflix Reportedly Paid $100 Million to Keep Friends for Another Year After Fan Uproar” by Aurelie Corinthios, People Magazine.