Here is a comprehensive analysis of the key themes, trends and issues shaping the music industry today:

Themes:

• Streaming domination - Music streaming services like Spotify, Apple Music and Amazon Music are now the dominant way people listen to music. This has disrupted traditional album sales and downloads. Streaming revenues are growing rapidly.
• Platform power - A few big tech companies now control how most people access music - Spotify, Apple, Amazon, YouTube etc. This gives these platforms enormous power over the industry.
• Data and analytics - With streaming, record labels and artists now have enormous amounts of data on how listeners engage with songs. This allows more targeted marketing and optimized songwriting.

Trends:

• Rise of independent artists - Streaming and social media allow DIY musicians to build audiences independently. Many artists now feel less reliant on record labels.
• Shorter song formats - With streaming, individual songs are now more important than albums. Shorter, catchier songs optimized for playlists are increasingly common.
• Global listening - Streaming has made music more accessible worldwide. Artists can build fanbases all over the world. Local genres like K-Pop and Latin music now have global audiences.

Issues:

• Declining revenues - Although streaming is growing, revenues are declining due to small per-stream payouts. Record labels and artists are struggling financially.
• Copyright and royalties - As more actors get involved in streaming, like lyric sites and fitness apps, rights holders struggle to collect royalties.
• Data ownership - Who owns all the data from streaming services? How can artists leverage it? What about privacy?

Looking ahead:

• Augmented and virtual concerts - Companies like Travis Scott in Fortnite show the potential for "digital-first" concerts.
• AI music creation - AI like Anthropic's Claude is already creating original music. How will AI impact creativity and production?
• Metaverse - New immersive platforms like Roblox could allow innovative music experiences for fans. Music in gaming and virtual worlds may also grow.

The key players like labels, streaming platforms, tech companies and artists are adapting to this changing landscape through new partnerships, consolidated power, and innovative distribution models. Overall, massive change and disruption will continue as music consumption moves digital. Though challenges exist, there are also new opportunities for creativity, connection with fans, and reinventing how music is made and enjoyed.