Categories: Ethereum

John Legend: Streaming ‘Changed Everything’ in Music – Gaming’s Next

Click here to view original web page at
John Legend says streaming "changed everything" in the music industry. Gaming companies must adapt or die. | Source: Shutterstock

By CCN Markets: Ten-time Grammy award winner John Legend recently appeared on CNBC to discuss how Spotify, Apple Music, and other streaming services have completely upended the music industry.

His comments portend the market-shattering disruption that awaits the gaming industry once it undergoes its own streaming revolution.

John Legend Says Streaming Has Changed ‘Everything’

It’s undeniable that John Legend is one of the leading authorities in the music business. So you should take note that when asked about the rise of services such as Apple Music and Spotify, Legend claimed that streaming has “changed everything.”

He highlighted the improvement in access to music, albeit at the cost of monetization.

”It’s changed everything when it comes to how people receive and listen to music. I think the good side is that people are listening to more music than ever before, but, of course, you know the business has kind of stumbled in figuring out how to monetize that.”

Gaming Is Ready for Its Own Streaming Revolution

Next-generation PlayStation and Xbox consoles are coming, but the gaming industry must adapt or die as the streaming revolution looms. | Source: REUTERS/Jonathan Alcorn

Legend’s comments on the promise and perils of the rise of online streaming apply to other digital industries, particularly gaming.

Streaming has created a portal for easier access to content, which ultimately benefits users. However, large companies are scrambling to cover the cost of projects and are being forced to get creative with monetization.

In the case of gaming, the free-to-play model has relied upon in-game purchases to collect revenue, with some success. In 2018, Epic games made $3 billion in profit from Fortnite alone.

Companies have also experimented with in-game advertising, as gaming continues the trend towards marrying entertainment with social interaction. In fact, Fortnite arguably rivals Facebook as a top social media platform.

Microsoft Project xCloud is Only the Start

Last week’s E3 Conference brought news that several developers will begin publishing games on Google’s cloud system. Microsoft also demoed its Project xCloud, which allows gamers to play high-end titles without the need of a console.

Cloud gaming could mark the end of console wars between Sony, Microsoft, and Nintendo – despite news of next-gen consoles like the PlayStation 5 and Xbox 2. Streaming lets developers launch projects without the constraints of individual consoles and hardware limitations, allowing for more evolution in gaming.

Detractors of streamed gaming cite access to high-speed internet as a barrier to the industry. However, the Pew Research Center published a report earlier this month showing that 73% of U.S. adults already have broadband internet.

Nearly 3/4 of U.S. adults have broadband internet, meaning they’re ready for the gaming industry’s streaming revolution. | Source: Pew Research Center

Pete Hines, senior vice president of marketing and communications at Bethesda, believes streaming will ultimately reduce the cost for gamers. Hines told CNN:

“Some folks would like to be into gaming but don’t have $400 or $500 to spend on a console and then another $60 to spend on a game.”

Streaming Favors Content Creators Who ‘Make the Most of It’

Established companies and record labels may be struggling with monetizing streamed content, but John Legend believes it will prove fortuitous for content creators who adapt to the changing times.

“I think we’re coming into our own now where everybody’s figuring out that, you know, this can be a lucrative area for us as musicians, we just have to make the most of it.”

Similarly, gaming will experience disruption that shifts towards individual and small teams of content creators. Developers are capable of launching, via cloud streaming, low-cost projects that can be updated through community input.

Ubisoft’s bombshell plans to use Ethereum for blockchain gaming will also change the industry. The rise of crypto and smart contracts being integrated with games allows for new avenues of monetization, such as microtransactions.

Disclaimer: The views expressed in the article are solely those of the author and do not represent those of, nor should they be attributed to, CCN Markets.


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by

Recent Posts

Late Hal Finney Predicted $10 Million Per BTC After Satoshi Release

Although some Bitcoin critics will spite anyone who believes that the cryptocurrency will be worth more than 1000× its current… Read More

4 hours ago

Bitcoin {BTC} adoption: chief as well as U.K. Central Bank leader are optimistic about virtual currencies

Bitcoin is placed right at the top of the market, with the BTC dominance rate currently at 68.7%. The trading… Read More

4 hours ago

Top Pro Athletes Like Messi Would Make a Killing in Bitcoin Earnings

According to Messari research, Lionel Messi's take-home pay would be "12,700 $BTC" annually. Cristiano Ronaldo's would be 10,000 bitcoins. |… Read More

4 hours ago

House Financial Services Committee Will Continue Libra Review

Representative Maxine Waters, chair of the United States House of Representatives’ Financial Services Committee, says the committee will continue to… Read More

4 hours ago

Circle CEO Says Tokenized Fiat Currencies Are on the Horizon

Jeremy Allaire, the CEO of blockchain-based, crypto-inclusive money transfer company Circle, said that the firm has long held that major… Read More

4 hours ago

Devcon uses Ethereum platform to issue 150 tickets

Devcon5, the Ethereum Foundation’s fifth annual conference which takes place October 8-11 in Osaka, Japan, is using the Ethereum platform… Read More

4 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More