The content, business models, and health of every media category is driven by technology. And audio technology has never been so diverse and dynamic. After decades of struggles, audio is ready to grow, not just replace.

Sixteen years after the music industry's peak, revenues have returned to growth. But the core problems of streaming service profitability and minuscule artist royalties persist. There is cause for optimism, but transformation is needed. Enter, Spotify Records and Apple Music Groups?