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The sharing economy is seeing an unprecedented level of growth and investment in the past couple years as individuals look to take their unused products and earn income from them. This has spread to people's cars with Lyft, Uber and more peer-to-peer methods, as well as the home with Airbnb. Now the sharing economy has hit the music business, more specifically recording studios. A new website, studiotime.io allows studios to list themselves online with their daily rates, and musicians can reach out to reserve a spot at one of 25 studios in London, New York and Los Angeles, including Red Bull Studios in New York and Los Angeles with the click of a button.
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