Well that depends on who you ask.
Certainly, if you look at this new working paper from Economists Aguiar and Waldfogel, released today, Spotify both reduces legal and illegal music consumption.
The effect is a 'revenue neutral' outcome for the industry.
Specifically, the authors highlight that 137 streams on Spotify reduces sales by 1 unit.
Find a better rundown here.
References
Aguiar, L. and Waldfogel, J. (2015). Streaming Reaches Flood Stage: Does Spotify Stimulate or Depress Music Sales? (Working paper 21653). Retrieved from The National Bureau of Economic Research website: http://www.nber.org/papers/121653
Certainly, if you look at this new working paper from Economists Aguiar and Waldfogel, released today, Spotify both reduces legal and illegal music consumption.
The effect is a 'revenue neutral' outcome for the industry.
Specifically, the authors highlight that 137 streams on Spotify reduces sales by 1 unit.
Find a better rundown here.
Tweets @musicpiracyguy
References
Aguiar, L. and Waldfogel, J. (2015). Streaming Reaches Flood Stage: Does Spotify Stimulate or Depress Music Sales? (Working paper 21653). Retrieved from The National Bureau of Economic Research website: http://www.nber.org/papers/121653
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