The fastest growing markets in the world is Russian. PwC analysts say that in the period up to 2023, the music market here will continue to grow at an average annual rate of 4.9%, and its volume will reach $758 million against $596 million in 2018. “Now only about 5% of the world’s population pays for streaming,” says Victoria Sinyavskaya. that the market is just emerging, it is growing and developing very quickly.” Victoria Sinyavskaya and Nadezhda Boychevsky also not that the development of markets will lead to a revision of the model of payments to the performers themselves.
However in Russiadespite the fact
While the level of income of musicians from streaming South Korea Phone Numbers List remains quite low: conditionally, if a track by a Russian artist receives 2 million streams, he will be paid a little more than $1,000. In a global sense, the music streaming model can finally put an end to the figure of the author, and with it, creativity in the traditional sense of the word. Composer Vladimir Martynov points to this: “Streaming services have only complet the great process of the death of the author, which began back in the 1960s of the last century, when the mixing console was creat.
The main shift is carri out in his position
Therefore talking about the author today is USA CFO simply ridiculous, however, as well as about creativity, which belongs to the author’s narrative. Of course, there will be no “top stars”, as well as “loud hits”. The very image of the musician and his work will change in relation to the audience – from the initially autonomous to the initially dependent. And at the same time, according to Jace Clayton, a publicist and New York DJ, the author’s gradual departure from the world of music is also due to the fact that streaming return music itself to its natural state.