The 'How Are You Listening to Music' Infographic Reveals Methodology
Jennifer Gosnell — August 13, 2012 — Business
References: blog.lab42 & mashable
The 'How Are You Listening to Music' graphic examines the habits of music listeners today. Since we have moved on (mostly) from records and CDs and entered the digital era, the way that we listen to music has dramatically changed for most people. Now iTunes, Amazon and Spotify have become hugely influential in the music world as they offer both free and paid downloads of music straight to your computer.
Downloadable books, TV, movies and music have changed the way that consumers are consuming entertainment. It is faster, more immediate and available right when they want it.
70 percent of respondents answered that they pay for music, while a lower 60 percent admitted to downloading free music. Pandora, Spotify and Last.fm have dominated the social music scene -- offering free listens and the ability to connect fans.
Downloadable books, TV, movies and music have changed the way that consumers are consuming entertainment. It is faster, more immediate and available right when they want it.
70 percent of respondents answered that they pay for music, while a lower 60 percent admitted to downloading free music. Pandora, Spotify and Last.fm have dominated the social music scene -- offering free listens and the ability to connect fans.
Trend Themes
1. Digital Music Consumption - The shift from physical music to digital platforms presents an opportunity for disruptive innovation in online music streaming and download services.
2. Social Music Platforms - Social music platforms like Pandora, Spotify, and Last.fm are disrupting traditional music consumption models by offering free listens and personalized music recommendations.
3. On-demand Entertainment - The trend towards on-demand entertainment through platforms like iTunes, Amazon, and Spotify creates opportunities for innovation in immediate, personalized content delivery.
Industry Implications
1. Music Industry - As digital music continues to dominate, the music industry must adapt and innovate to keep up with changing trends and consumer preferences.
2. Streaming Services - Traditional music distribution models are being disrupted by the rise of streaming services, creating opportunities for new businesses to enter the market.
3. Entertainment Industry - The wider trend towards on-demand entertainment presents opportunities for the entertainment industry to innovate in areas such as personalized content delivery and streaming services.
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