Published on March 24th, 2019 | by Alan Cross3
“Streaming Music is Ripping You Off.” Discuss.
When it comes to how streaming works from the financial end, there’s a lot of misinformation, fear, uncertainty and doubt. How do artists get paid? And why to they seem to get paid so little?
This article from Medium.com tries to explain things. Read it.
“If you subscribe to a subscription music service such as Spotify or Apple Music you probably pay $10 a month. And if you are like most people, you probably do so believing your money goes to the artists you listen to. Unfortunately, you are wrong.
“The reality is only some of your money is paid to the artists you listen to. The rest of your money (and it’s probably most of your money) goes somewhere else. That “somewhere else” is decided by a small group of subscribers who have gained control over your money thanks to a mathematical flaw in how artist royalties are calculated. This flaw cheats real artists with real fans, rewards fake artists with no fans, and perhaps worst of all communicates to most streaming music subscribers a simple, awful, message: Your choices don’t count, and you don’t matter.“