Digital Music Is a Terrible Business

Digital music appears to be dead as a standalone business, or at least on life support.

Every few months, the ongoing upheaval in the digital-music business forces its way into the public consciousness—Rdio goes bankrupt, Pandora hangs out a “For Sale” sign and then gets rid of its CEO, artists and labels ramp up their criticism of YouTube. Now we have Tidal in acquisition talks with Apple, while Spotify complains about Apple treating it unfairly.

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