Music providers can transition to a subscription-based model by first identifying the unique services they can offer to their subscribers. They can then create different subscription tiers based on these services. They should also focus on providing a seamless user experience, with easy access to music, personalized recommendations, and high-quality streaming. It's also important to have a clear communication strategy to educate customers about the benefits of the subscription model. Finally, they should continuously innovate and adapt based on customer feedback and changing market trends.
Subscription services have grown revenues 8X faster than the S&P500 and 5X faster than US retail sal...
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