>> "From there on it was a perfect storm of the music industry not understanding what was about to happen"
I think the problem is that these huge shifts are happening so often that it's difficult for the industry to keep up. First we had piracy, then after a while legal downloads were introduced with iTunes. Now only a few years later the entire industry has been changed again due to YouTube, Spotify etc. For an industry as huge as the music industry, adjusting to these shifts quickly is difficult. Once everyone finally figures out how to make money through streaming something else will have come along.
I think the problem is that these huge shifts are happening so often that it's difficult for the industry to keep up. First we had piracy, then after a while legal downloads were introduced with iTunes. Now only a few years later the entire industry has been changed again due to YouTube, Spotify etc. For an industry as huge as the music industry, adjusting to these shifts quickly is difficult. Once everyone finally figures out how to make money through streaming something else will have come along.