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Industry Landscape
The music and entertainment industry is currently undergoing significant transformation, driven by digital consumption, streaming services, and evolving creator-fan dynamics. Personalization and immersive experiences are key. While major players dominate, niche platforms and independent artists thrive through direct engagement and unique content offerings. Monetization models continue to diversify beyond traditional advertising.
Total Assets Under Management (AUM)
Music Streaming Revenue in United States
~20.1 billion USD (2023)
(10.0% CAGR)
- Subscription streaming services dominate.
- Ad-supported streaming also contributes.
- Growth driven by increased subscribers and higher ARPU.
Total Addressable Market
140 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
AI-Powered Content Curation
AI algorithms can personalize content recommendations and assist artists in optimizing their content for better discovery and engagement.
Web3 and NFTs
Blockchain technology and non-fungible tokens offer new avenues for artists to monetize their work directly and for fans to own unique digital assets.
Immersive Experiences (VR/AR)
Virtual and Augmented Reality can create new forms of music consumption, live performances, and interactive fan experiences.
Impactful Policy Frameworks
Music Modernization Act (MMA) 2018
The Music Modernization Act (MMA) of 2018 is a comprehensive piece of U.S. legislation designed to update copyright laws for the digital age, particularly for music licensing and royalties.
The MMA improves royalty collection and distribution for songwriters and publishers, potentially increasing revenue streams for artists on platforms like Myspace.
Digital Millennium Copyright Act (DMCA) Amendments (Ongoing discussions)
The DMCA of 1998 established a 'safe harbor' for online service providers from copyright infringement liability for user-generated content, but discussions around its potential amendments are ongoing.
Changes to DMCA could alter Myspace's responsibilities for user-uploaded content, potentially increasing compliance costs or affecting content moderation policies.
American Innovation and Choice Online Act (Proposed)
This proposed U.S. antitrust legislation aims to prevent large tech platforms from unfairly favoring their own products and services.
If passed, this act could impact how Myspace promotes its own content or partners, potentially opening up more equitable opportunities for smaller creators and businesses.
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