From Music Downloading to Online Streaming: Blockchain to Transform Online Music Consumption

| July 16, 2018

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The Music industry and piracy go hand in hand. A study says, 95% of all online music is downloaded illegally, causing $12.5 billion of economic losses every year with a loss of $2.7 billion in workers’ earnings. The global music industry is riddled with archaic royalty payment protocol by Performance Rights Organizations or PROs who collect songwriting performance royalties from music users and then pay songwriters and rights holders. After widespread criticism and music streaming giant Spotify’s controversial involvement in the infamous $30 million settlement with a publishing group over unpaid royalties have opened the doors of discussion, demand, and drama across the media and broadcasting landscape. So before taking sides here, one must know how the music industry ecosystem is built and how it functions.

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Academy of Television Arts & Sciences

The Academy of Television Arts & Sciences was founded in 1946 just one month after network television was born. It is a nonprofit organization devoted to the advancement of telecommunication arts and sciences and to fostering creative leadership in the telecommunication industry.The Television Academy, the only major organization devoted to the television and broadband screen entertainment industry, is made up of over 19,000 members, representing 29 professional peer groups, including performers, directors, producers, art directors and various other artisans, technicians and executives.

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Spotlight

Academy of Television Arts & Sciences

The Academy of Television Arts & Sciences was founded in 1946 just one month after network television was born. It is a nonprofit organization devoted to the advancement of telecommunication arts and sciences and to fostering creative leadership in the telecommunication industry.The Television Academy, the only major organization devoted to the television and broadband screen entertainment industry, is made up of over 19,000 members, representing 29 professional peer groups, including performers, directors, producers, art directors and various other artisans, technicians and executives.

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