Technological Change: Could Business Models like Spotify Actually Save the Music Industry?

Since it launched in 2008, the music streaming service Spotify has gained 20 million users, many of whom are prepared to pay for the premium service. Of this revenue, approximately 70% is paid back to the music industry by Spotify.Spotify is one of several firms in the rapidly-growing music streaming industry. Can its business model work?This video from the Wall Street Journal takes a look behind Spotify and discusses the issues with music industry stakeholders.