Music business. Business and Marketing Assignment

Music Business
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With the increasing demand for music streaming services, it is believed that 2023 will see tremendous growth in the music industry. Globally, a lot of wired and wireless technologies and telecommunication standards have been introduced, including 3G, 4G, and 5G. These have resulted in improvements in Internet bandwidth. It has now become easy for people to turn to music streaming services to enjoy their favorite songs or to watch the movies of their desire. By 2023, a lot more streaming services are likely to be introduced. It is also expected that YouTube and Netflix will improve the quality of their audio and video files to a great extent and may make it possible for the audience to instantly watch newly released movies without any need of going to cinemas. Platforms like Pandora and Spotify are also expected to bring forth a lot more exciting offers or deals. Free music will be available to everyone, and membership prices are likely to come down due to increased competition. In addition,...