On-demand streaming services and music industry revenues — Insights from Spotify's market entry
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文摘

We test how free and paid music streaming affects music industry revenue.

Using longitudinal survey data we control for unobserved individual effects.

Free (paid) streaming reduces expenditures in other channels by 11% (24%).

Paid streaming positively influences total revenue through subscription fees.

Free streaming only positively affects revenue for previously inactive adopters.

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