Classic entertainment trends that are dead because of streaming

Small Spending for Music Artists

It’s no secret that many music artists aren’t big fans of Spotify. Famous Taylor Swift removed her entire catalog from music streaming.

David Byrne is protector Criticize streaming services like Spotify. “The key is not the survival of artists like me, but the survival of emerging artists and those with only a few records (such as St Vincentmy current tour partner, he’s not exactly an unknown),” Byrne wrote.

“A lot of musicians like her, who seem to be famous and famous and talented, will eventually have to find jobs elsewhere or change their jobs to make more money.”

reason? Well, part of that has to do with the structure of the music industry. Citigroup In 2017, only about 12 percent of the $43 billion in windfall revenue from the music industry went to artists themselves.

Specifically, Spotify Pay a small fraction of cents for each stream to the artist, based on contractual obligations. Compared to traditional brick-and-mortar LP distribution, this is a much smaller profit prospect for the music artist itself.

resource: edge, Insider, protector, Citigroup, Insider