Can streaming produce any big winners?
The biggest challenge facing the industry is that Pandora, Spotify, Rdio, Rhapsody and all the other major players don't make money -- in fact, they have actually increased their losses as they add customers.
According to a November 2013 report from Generator Research, the current business model for streaming music is "inherently unprofitable."
"Our analysis is that no current music subscription service -- including marquee brands like Pandora, Spotify, and Rhapsody -- can ever be profitable, even if they execute perfectly," Andrew Sheehy, the main author of the report, concluded.
While financial returns have so far not been good, all three panelists were optimistic there will ultimately be financially successful streaming services.