What does the Music Industry look like in 2023
Over the last few years, people have moved from traditional forms of listening to music, such as radio and CD’s, to more digital streaming platforms, such as Spotify and YouTube. Besides these digital platforms that allow people to engage with music in auditory and video form, the younger generation, especially Gen Z, are engaging with music in different ways such as concert livestreaming or even in gaming. In this article we analyze the evolution of the industry in the last 12 months, focusing especially on the trends that have taken over music consumption habits.