The music industry has experienced significant changes over the past two decades due to new technologies and consumer behaviors. Streaming services like Spotify and Apple Music have transformed how people access and experience music, providing vast digital libraries for affordable monthly fees. At the same time, illegal downloading cut into industry revenues, forcing companies to adapt distribution models and explore new revenue streams like live events and merchandise. Overall, while the industry continues to evolve in the digital age, music remains a vibrant cultural force around the world.
