How the Introduction of Streaming Has Changed the Financial Focal Points of the Music Industry

For this thesis, the gathered research will demonstrate how the introduction of music streaming has made a monumental impact on the music industry and the financial effect it has had on various aspects of the creation and distribution of recorded music. The areas of research will range from the music labels in charge of producing and providing the music to the streaming services in charge of distributing the music. Focus will be on how music streaming developed in the late 1990s and took the music media world by storm, devaluing and diluting the power of the physical music industry in the process. This thesis will also provide evidence of how the shift to music streaming has fractured the financial stability that an artist previously had in pursuing music as a full-time career, as well as the current legal troubles associated with creating and maintaining value in the digitalized industry