Over the last few decades, music industry has changed dramatically. Revolutionary technology has evolved almost every face of the industry. Like any other industries, music has been forced to roll with these changes which resulted in a much difference experience for the industry and the consumer.
Even today, the industry is ready to experience major changes brought on by rapid evolution of the Internet and the merger of audio and computing technologies. However, when it comes to the consumption of music, while 79% of people listen to music in a living room, 76% of people listen to music during they are in car. Around 39% of use computers to listen to a song or some audio.
As I mentioned above, the people started using the internet for accessing to music through various sites. Around 1, 222 million people use YouTube to listen music. Last.fm has for 90.8 million online users. However, the internet impacted the industry very adversely. Around 76% of downloads are unlicensed and only 24% of downloads are licensed.