Gather The Right Pieces
Key points from Ingham, T. (2019). Streaming Platforms Are Keeping More Money From Artists than Ever (and Paying Them More, Too
- A significant amount of money, 56.4% of the revenues from the subscription of streaming, go to the artists and record labels, meaning that streaming is paying off well.
- The margin relief saved to Spotify and other stream services results in a notable saving for the music platforms.
- Streaming services are inevitable, and distributing the amount of revenue got from this to each artist is what has maintained the music industry.
- Streaming may be accused of keeping money from artists, but its services are allowing the artists to make an equally large amount of money.
Key points from Hogan, M. (2019). Is There a Fairer Way for Streaming Services to Pay Artists?
- Subscription to streaming services leads to the dolling out of the subscription dollars without giving artists their due.
- A user-centric approach in streaming will allow the compensation of artists based on their shares on a subscriber’s listening.
- The user-centric approach, also known as pay-per-user policy, is fair and equitable, given its method of operation.
- The user-centric model can seal loopholes created by streaming and helping to fight click frauds
- A renewed pay per user policy allows the listeners to enjoy the music that they have paid for.
My points
- The streaming services has become inevitable in the new world of technology
- Streaming services distribute the revenue from music equally among artists charged as a function of collective listening habits
- Though stream companies retain significant amounts of money, they equally create more for the music artists
- There is no way of integrating the user-centric approach seamlessly in the music industry since it has not yet been proven
References
Hogan, M. (2019). Is There a Fairer Way for Streaming Services to Pay Artists?. Retrieved 23 June 2020, from https://pitchfork.com/thepitch/is-there-a-fairer-way-for-streaming-services-to-pay-artists/
Ingham, T. (2019). Streaming Platforms are Keeping More Money From Artists than Ever (and Paying Them More, Too). Retrieved 23 June 2020, from https://www.rollingstone.com/music/music-features/streaming-platforms-keeping-more-money-from-artists-than-ever-817925/