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Wouldn't that be the record companies though? I have heard Kanye is trying to get more money for artists but not really sure. I am puzzled why blockchain+stream
by acruns 6y ago
Wouldn't that be the record companies though? I have heard Kanye is trying to get more money for artists but not really sure. I am puzzled why blockchain+streaming for music hasn't taken off. Artists would maintain rights and profits from what I can tell
- ticmasta 6y agoTraditionally payment & accounting has never been a problem in the music business, so I think blockchain would not really help. The underlying economics is what has changed dramatically. Distribution is close to free, but unlike the ~ $1 an artist might have seen out of a CD sale (before discounting for costs & advances) they now see sub-cents on a single track. You used to pay $15-20 for an entire album to get 2 or 3 good songs; now you only stream everybody's top tracks and pay less than that a month. So the artist gets a couple of pennies for the period when they are hot, then nothing.
- rblatz 6y agoWhy would you put blockchain in this?
- damnyou 6y agoFor micropayments per stream, presumably.