5 Key Ways The Music Industry Will Change In 2014

The ways in which we consume music are completely different from even just 10 years ago. How we listen to it, purchase it and share it are evolving with every year. The music industry is an entity that is tied to developments in technology, which means constant change in line with innovation. Of course this is great news for the music listener, but detrimental to record companies who are collectively slow in adapting their business model to match the changes. The ease at which an entire album can be downloaded illegally onto multiple devices in present day is staggering, especially when it can be done for free (minus download data of course). Although less people are actually buying music, the amount of people listening hasn't dropped off in such a significant way. In fact, it could be argued that there are even more music listeners in the world today, because of the huge amount of ways to access it. As we move into 2014, already existing changes will see consolidation and developments that had seeds of growth in past years will become more apparent. Here are 5 of the key ways, the music industry will change in 2014.