Fade
The Beat Strangler
‘Odds are against you’: the problem with the music streaming boom
As dust from the gold rush settles, big record companies and elite artists emerge firmly on top
www.theguardian.com
It's about the artists not getting a big enough piece of the money pie, but what stood out to me was this part:
...which showed that the top 1% of artists account for 80% of all streams, and that 10% account for 98% of all listening by fans.
And of the most popular tracks, big music companies own the rights to three times as many among the top 10% as those owned by independent labels. In any given week, nine of the top 10 selling songs globally – the streaming cash cows – are owned by one of the three big music companies.
This is a big problem and has been for many years. Too many music fans don't know about the smaller artists that often times have way better music than the bigger artists. It's a shame but it's business.
But to see everyone listening to all these big artists on streaming platforms - the way I see it is fans are on the internet. Which means they have access to any artist they want. So why aren't they looking for the lesser known artists? Who knows. Lazy, don't know, don't care, etc.
I guess the masses will just eat up whatever the industry feeds them and not question this.
@2GooD Productions Yes, I know my last line can equally be used to talk about the government but let's not go there! LOL.