These services are a crippling blow to the music industry, with a low profit margin. The music industry in the last 6 months has seen single track downloads drop 2.3% and CD sales down 14.2%. If this is not proof that streaming and subscription services are killing the music industry, I don’t know what is.
One must keep in mind; the music consumer’s trends are that of single-track buyers. It seems as though the consumer has replaced their single track buying habits for streaming and subscriptions.
The music industry must take control of their music catalog and pull them from the services. Otherwise, the music industry is heading down an irreversible fate.