Streaming Rises, Music Piracy Falls
The report also seems to indicate that streaming could be replacing file sharing: "The move to streaming - e.g. YouTube, MySpace and Spotify - is clear with the research showing that many teens (65%) are streaming music regularly (i.e. each month). Nearly twice as many 14-18s (31%) listen to streamed music on their computer every day compared to music fans overall (18%). More fans are regularly sharing burned CDs and bluetoothing tracks to each other than file-sharing tracks.”
Although it’s unlike free music streaming sites will completely eliminate the desire to swap music using peer-to-peer networks, the news should be good news for music executives and record companies who have fought against peer-to-peer networks. The increased appeal of streaming services is also good news for the music streaming sites who recently reached an agreement with SoundExchange over royalty payments for playing music online.