4 ms·

I think the 90's (Napster, Kazaa, etc.) has proven people are simply not going to pay that kind of money for the product (music). The music industry also seems

I think the 90's (Napster, Kazaa, etc.) has proven people are simply not going to pay that kind of money for the product (music). The music industry also seems a bit like a "winner takes all" market where there are a bunch of top grossing artists which make an insane amount of money and a much, much larger part which can't make a decent living out of it.

ampdepolymerase 6y ago
Almost every major internet content industry is winner takes all. That is just the nature of power law distributions. Ask your average social media influencer how much they make. Also your average YouTuber/Twitch streamer. It is not unique to the music industry, just that the music industry is older and has more inefficiencies in the form of middle man that don't contribute much in value production but still takes a large cut.
- ProofByAccident 6y ago
  > has more inefficiencies in the form of middle man that don't contribute much in value production but still takes a large cut. Not to go laser-eyes Marx, but this is definitely not unique to the music industry either