The Music Industry Bubble, is it in a Recession?

The Music Industry has recently been going through a startling trend. They have been laying off huge numbers of their workforce. It doesn't even matter what sector you're in. It's hit record companies and the music tech giants like Spotify. The layoffs also recently hit the big 3 labels as well, Sony, UMG, and WMG. So what does this mean, is the music industry going to crash. This week we dive into all the details surrounding the recent events that have lead up to this, like the streaming boom coming to an end and others. We also discuss if Spotify was doomed to fail from the start. Learn about all this and more as we examine the music industry recession. Thanks for listening! Follow, rate, and review us!  Instagram: Educate.Your.Earbuds.Pod Threads: Educate.Your.Earbuds.Pod TikTok: Educate.Your.Earbuds Email: [email protected] Links: https://www.bloomberg.com/news/newsletters/2024-01-14/universal-music-layoffs-record-labels-need-a-new-growth-story https://www.musicbusinessworldwide.com/universal-music-to-cut-hundreds-of-jobs-in-q1-with-majority-of-layoffs-in-recorded-music-division-report1/ https://www.wired.com/story/spotify-layoffs-music-streaming-future/ https://www.hollywoodreporter.com/business/business-news/warner-music-layoffs-1235363023/ https://www.digitalmusicnews.com/2023/01/05/amazon-music-potential-layoffs-2022/ https://www.bloomberg.com/news/articles/2023-09-19/emily-ratajkowski-show-gets-cut-along-with-sony-podcast-jobs?utm_source=podnews.net&utm_medium=web&utm_campaign=podnews.net%3A2023-09-20 https://www.billboard.com/pro/music-industry-layoffs-record-labels-umg-cutting-jobs/ https://www.latimes.com/entertainment-arts/business/story/2024-01-12/entertainment-layoffs-pixar-amazon-mgm-twitch-discord-umg https://variety.com/2024/music/news/universal-music-group-lay-off-hundreds-1235870243/ https://musically.com/2023/11/09/amazon-confirms-some-layoffs-within-its-amazon-music-team/