Music streaming application gain their popularity due to convenience they bring to users. Let’s consider some interesting statistics.
- • The global music streaming market is expected to exceed $10 billion by 2023.
- • The average revenue per user is approximately $26.
- • has 36% market share of music streaming subscribers.
- • Apple claims that 60 million users pay for Apple Music subscription.
As you can see, the music streaming market is quite prospective. However, it can be challenging to compete with services like Spotify or Pandora. Such platforms have spent over five years to acquire a user base and become who they’re now. They invest a lot of money in machine learning and artificial intelligence to make music streaming apps capable of suggesting relevant artists, tracks, and albums.
How to create your own music streaming service?
Let’s first discuss several market leaders to understand what stands behind their success.
There are various things to consider before starting music streaming app development. We’ve singled out four significant points that you need to consider beforehand.
Type of Music Streaming Services
Let’s discover what kind of app you want to create. It’s common to consider three types:
- • Music Library : Simply saying, you can build a server-based music library and offer customers access to the music under your conditions — paid subscriptions or free access.
- • Cloud Storage : You let users store their songs and stream them anywhere and anytime they like.
- • Radio Stations : This kind of app has various radio stations and arranges them by specific themes, which can be streamed to PC, home audio, or any mobile device.
Music streaming services allow users to listen to music without purchasing. However, as the owner, you need to get a license for using music content.
So, if you want to create your own music streaming service, you need the Public Performance Rights.
To stream music in Europe, apply to the Society of European Stage Authors and Composers ( SESAC).
Let's consider an example.
Spotify gets two types of licensing for streaming music:
- • Sound Recording License agreements to cover the rights to a particular record.
- • Musical Composition License Agreements to cover the people who own the rights to the song.
Spotify signs contracts with large music labels like Universal Music Group, Sony Music Entertainment Group, and others to stream music with copyrights belonging to these companies.
We DON’T recommend skipping licensing and streaming music without permission. If no license, you’ll have to pay a fine from a minimum of $750 up to $150,000 per one song played.
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