DSP Download Services Will Replace Peer-2-Peer (P2P) Music Sites As these sites get removed, the music industry will need to find another way to combat illegal downloading and will return to identifying new ways of permitting and tracking downloads to control revenue flow. MUSO, an independent entity that collaborates with labels, publishers, and rights owners to combat content piracy, found that stream-ripping sites accounted for 39.2% of all music piracy on YouTube globally. These platforms create significant legal exposure to both users and video streaming platforms, which is why court actions are underway to shut down video-ripping sites and pay payout damages to creators whose content has been the subject of circumventing YouTube’s anti-piracy measures. YouTube currently makes up 13.7% of the global music streaming market share, with more than 30,000 hours of new global video content uploaded daily. One major issue plaguing the music industry is the ability to convert and download MOV-formatted content into MP3 audio files for free. Music Downloads will Return as Downloading Tools Get Removed It gives music consumers a stronger voice in how music streaming platforms in Europe should be run. This paves the way for broader uses of streaming Application Program Interfaces (API) without making consumers fear their data may be exploited. Implementing the EU Cookie Directive has made it easier for streaming platforms in Europe to gain the trust of music consumers by ensuring that advertising data from streamed content won’t be sold to third-party advertisers. Spotify made over $1.5 billion in advertising revenue in 2021 and is expected to make over $2.4 billion by 2026, so the use and sale of web-browsing data via third-party cookies is a significant source of revenue for streaming providers. However, recent actions by the European Union to regulate third-party cookies are changing how digital streaming providers collect and use personal data to drive product marketing decisions. Third-party or “tracking cookies” are used by websites to collect browsing information about their users. Cookie Regulations Will Reduce Supplemental Music Streaming Revenue
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