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Musicians Have Always Been Ripped Off - Heres How to Fix It
The music industrys business model has always been broken. For over 100 years artists have been paid a fraction of the earnings their music makes.
So what changed to make online streaming services a viable business model for companies like Spotify and Apple Music?
The answer is . nothing.
Musicians are not earning more now, despite having a new revenue channel. Spotify admits the average per-stream payout to rights holders lands somewhere between $0.006 and $0.0084. As this model shows, an artist would need to get 200k plays per month on Apple Music and 230K plays to earn the US minimum wage.
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/musicians-have-been-ripped-off/
The music industrys business model has always been broken. For over 100 years artists have been paid a fraction of the earnings their music makes.
So what changed to make online streaming services a viable business model for companies like Spotify and Apple Music?
The answer is . nothing.
Musicians are not earning more now, despite having a new revenue channel. Spotify admits the average per-stream payout to rights holders lands somewhere between $0.006 and $0.0084. As this model shows, an artist would need to get 200k plays per month on Apple Music and 230K plays to earn the US minimum wage.
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/musicians-have-been-ripped-off/