How Do Algorithmic Playlists Impact Artists & Musical Tastes?
Image Credit: Your Music MarketingWhat is the effect of algorithmic playlists on music tastes with time, and which artists benefit most from them? A brand-new research study provides some intriguing insights into the world of algorithmic playlists on Spotify.A current Goldman Sachs projection recommends the worldwide taped music market might reach $50.1 billion in incomes by 2030. What does the market look like on the roadway to that stat? Streaming is the main chauffeur behind the surge in music earnings, representing simply 19.8% in 2015 now reaches 67% in 2022. With the substantial surge in music earnings driven by streaming, one platform controls the rest. Spotify holds 31% share of the worldwide music streaming market-- making it the most significant chauffeur in streaming music patt...