2024 is finally here, and that means once again the industry is about to overflow with new tech, tools, trends and more. As an independent musician, that means you’ve got more to learn and even more to grow.
To help you ride the wave of what’s to come, here are some of the biggest music streaming trends we think artists should definitely keep an eye out for in 2024…
The blog post from Symphonic Blog, titled “Music Streaming Trends to Watch for in 2024,” delves into the evolving landscape of the music industry, particularly focusing on the trends that independent musicians should be aware of. Here’s a summary of the key points:
- Artificial Intelligence (AI): AI is set to revolutionize music streaming services by offering highly personalized music recommendations. This involves analyzing listeners’ preferences, geographical location, time of day, and even current weather conditions. AI is also expected to contribute to music production, making the process faster and more efficient.
- DIY Distribution: The DIY distribution sector is expected to grow, with a focus on improving Know Your Customer (KYC) standards. This is part of the industry’s broader effort to combat fraud, exemplified by the formation of the Music Fights Fraud alliance, a collective of major music distribution companies and streaming platforms.
- Changes in Digital Service Providers (DSPs): Notable changes are anticipated in DSP policies, such as Spotify’s recent updates. These include requirements for a minimum number of streams for royalty generation, charges for detected artificial streaming, and changes in the minimum track length for certain genres to be eligible for royalties.
- Social Media and Streaming: The synergy between social media and music streaming continues to strengthen. Platforms like TikTok and Instagram are pivotal for music promotion, offering artists a stage to engage with their audience and boost their streaming success.
The post emphasizes that 2024 is a year of growth and adaptation, urging artists to leverage these trends and the tools available to navigate the evolving music industry landscape. It concludes by highlighting the enduring trend of independent music, encouraging artists to embrace the opportunities that lie ahead.
Source: Music Streaming Trends to Watch for in 2024 – Symphonic Blog
