Summary
Music streaming is big business. But how do the various providers differ and how do their payment models work - for consumers and musicians? We'll hear from grime artist Chiedu Oraka, Alice Enders from Enders Analysis and from Chris Cooke who is head of Music at CMU Insights, a music business consultancy.
If you have a question for the panel or want to share your experience call us on 03700 100 444 between 1pm and 3.30pm on Wednesday 29nd May. (Standard geographic charges from landlines and mobiles will apply.) Or send an email before then to moneybox@bbc.co.uk
Presenter: Louise Cooper Producer: Paul Waters
Transcript
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| 0:00.0 | You're about to listen to a BBC podcast, but this is about something else you might enjoy. |
| 0:05.4 | My name's Katie Lecky and I'm an assistant commissioner for on demand music on BBC Sounds. |
| 0:10.8 | The BBC has an incredible musical heritage and culture and as a music lover, I love being part of that. |
| 0:17.5 | With music on sounds, we offer collections and mixes for everything, from workouts to |
| 0:22.4 | helping you nod off, boogie in your kitchen, or even just a moment of calm. And they're all put |
| 0:28.3 | together by people who know their stuff. So if you want some expertly curated music in your life, |
| 0:35.0 | check out BBC Sounds. |
| 0:41.3 | BBC Sounds, music, radio, podcasts. |
| 0:47.8 | Good afternoon. I was in my living room the other day, looking at shelves and shelves of CDs and realised I hadn't had them out of their boxes for years. When I'm out and about, I stream |
| 0:53.7 | music on my smartphone, |
| 0:55.5 | which can also be linked to my car's sound system for when I'm driving. |
| 0:59.7 | At home, I either play music through my smart speaker or via YouTube on my PC. |
| 1:04.7 | And yet, I started off with cassettes in my teenage years. |
| 1:09.4 | And the first album I bought in 1983 was Wham Fantastic. |
| 1:28.2 | The fabulous bad boys from Wham. |
| 1:30.7 | Now, my taste of music hasn't changed. |
| 1:32.1 | I still love bubblegum pop. |
| 1:38.6 | But the way we all listen to music, buy music, consume music, has changed radically. |
| 1:45.1 | The biggest change is the decline in physical sales and the rise of streaming, effectively renting music and not owning it. Streaming now accounts for around half of music industry revenue globally. So this |
| 1:51.2 | week we'll be trying to guide you through the various streaming services and we want your |
| 1:56.1 | experiences and questions. And then we're going to look at streaming from a musician's perspective. |
| 2:01.6 | We have grime artist, Chado O'Raca, here, to talk us through how he makes a living. |
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