THE SPOTIFY SYNDROME

What is the world's largest music-streaming platform really costing us?

- HUA HSU

Just as we train Spotify's algorithm with our music preferences, the platform. seems to train us into listening around-the-clock.

Like countless other people around the globe, I stream music, and like more than six hundred million of them I mainly use Spotify. Streaming currently accounts for about eighty per cent of the American recording industry’s revenue, and in recent years Spotify’s health is often consulted as a measure for the health of the music business over all. Last spring, the International Federation of the Phonographic Industry reported global revenues of $28.6 billion, making for the ninth straight year of growth. All of this was unimaginable in the two-thousands, when the major record labels appeared poorly equipped to deal with piracy and the so-called death of physical media. On the consumer side, the story looks even rosier. Adjusted for inflation, a monthly subscription to an audio streaming service, allowing convenient access to a sizable chunk of the history of recorded music, costs much less than a single album once did. It can seem too good to be true.