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ShareHow the hell do you square these two stories? On one hand, as Tech Crunch points out, streaming music services are in trouble because their profits are too tiny- their costs to labels and publishers eat up most profits for them, leaving them barely able to survive financially. On other other hand, a recent report cited by Bloomberg News, says that while teens aren’t buying much as much anymore, they are tuning into streaming music services more and more to listen.
Just to understand, the very place that consumers are flocking to are being slowly bled to death. If and when these streaming services go under, don’t count on consumers to flock to online or offline stores to buy up music. Yet another example of the music biz killing off an outlet that they should be utilizing better since there’s a sizable audience there already. It’s pathetic, stupid and counterproductive. In other words, it’s par for the course…
