Thesis Abstract

Abstract
This thesis examines the impact of music streaming platforms on the music industry, with a focus on conducting a comparative analysis. The rapid growth of music streaming platforms in recent years has significantly transformed the way music is consumed, distributed, and monetized. This research aims to provide a comprehensive analysis of the implications of this shift on various stakeholders within the music industry. The study begins with an introduction that outlines the background of the research, presents the problem statement, objectives, limitations, scope, significance of the study, and defines key terms to establish a foundation for the research. A thorough review of relevant literature is conducted in Chapter Two, exploring ten key aspects related to music streaming platforms and their impact on the music industry. Chapter Three details the research methodology employed in this study. The methodology encompasses the research design, data collection methods, sampling techniques, data analysis procedures, and ethical considerations. By following a systematic approach, the study aims to collect and analyze data effectively to achieve the research objectives. In Chapter Four, the findings of the research are presented and discussed in detail. The comparative analysis provides insights into how different music streaming platforms have influenced revenue streams, artist royalties, consumer behavior, music discovery, and industry dynamics. The discussion delves into the implications of these findings for various stakeholders, including artists, record labels, streaming platforms, and music consumers. Finally, Chapter Five offers a comprehensive conclusion and summary of the thesis. The key findings are synthesized, implications are discussed, and recommendations for future research and industry practices are provided. The conclusion highlights the significant impact of music streaming platforms on the music industry and emphasizes the need for stakeholders to adapt to the evolving landscape of music consumption. In conclusion, this thesis contributes to the existing body of knowledge by offering a detailed analysis of the impact of music streaming platforms on the music industry from a comparative perspective. The research findings provide valuable insights for industry professionals, policymakers, academics, and music enthusiasts seeking to understand and navigate the changing dynamics of the music industry in the digital age.

Thesis Overview

The research project titled "The Impact of Music Streaming Platforms on the Music Industry: A Comparative Analysis" aims to delve into the transformative effects of music streaming platforms on the music industry landscape. This study seeks to compare and contrast the traditional music distribution models with the emerging dominance of streaming services, analyzing their impact on various stakeholders within the music ecosystem. Through a comprehensive examination of key factors such as revenue generation, artist exposure, consumer behavior, and industry structure, this research endeavors to provide valuable insights into the evolving dynamics of the music industry in the digital age. By conducting a comparative analysis, this study will explore how music streaming platforms have disrupted conventional music distribution channels and revolutionized the way music is consumed, produced, and monetized. The research will investigate the advantages and challenges posed by streaming services for different industry players, including record labels, artists, consumers, and music publishers. Additionally, the study will assess the implications of these changes on music discovery, artist promotion, revenue distribution, and overall industry sustainability. Through a combination of qualitative and quantitative research methods, including survey analysis, case studies, and industry reports, this project aims to provide a nuanced understanding of the multifaceted impacts of music streaming platforms on the music industry. By critically evaluating the benefits and drawbacks of these platforms, the research seeks to offer recommendations for industry stakeholders to navigate the evolving music landscape effectively and capitalize on emerging opportunities in the digital era. Overall, this research overview highlights the significance of examining the impact of music streaming platforms on the music industry through a comparative lens, shedding light on the complex interplay between technological advancements, consumer preferences, and industry dynamics. By elucidating these relationships, this study aspires to contribute to the existing body of knowledge on music industry evolution and inform strategic decision-making for industry participants amidst ongoing digital disruptions.