Ever since Napster rocked the music industry 20 years ago, recording artists have been struggling to find a way to make money on the internet. Peer-to-peer file sharing slashed the profitability of the recording industry and it took years for them to recover. Finally, on the strength of paid streaming services like Spotify, revenue from music has begun to grow again.
Although it seems very little remember that these platforms have huge audiences. Much of the money today for music sales are actually coming in from music streaming sources. So an artist also needs to consider the pay rate along with the audience size. If you are a music fan of an artist you may also want to keep playing their music.
See https://digg.com/2019/how-much-musicians-make-from-each-streaming-service-visualized
#music #musicstreaming
#^How Many Plays It Takes For An Artist To Earn A Dollar On Each Music Streaming Platform, Visualized - Digg
Ironically, artists may want to head back to... Napster?
source https://gadgeteer.co.za/node/3574
Comments