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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Xyngr is an all-new exciting destination for food, fashion, and entertainment lovers, and enables people to make the most of the city.Xyngr’s uniqueness lies in its delivery of honest, credible and high-quality content – curated by professional writers – about food and drink, fashion, entertainment, music, art, culture, and shopping.While many platforms offer city-based information, Xyngr’s uniqueness lies in its incredible line-up of local and senior industry experts who share their lifestyle experiences and offer authentic reviews. Xyngr is committed to consistently maintain its status as the go-to source of credible information about the best in the city for locals and visitors alike.

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