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I think the author fundamentally misunderstands the ecosystem, one of their suggestions: > venture based funding for artists in the same way we fund startups.
by Hermitian909 5y ago
I think the author fundamentally misunderstands the ecosystem, one of their suggestions:
> venture based funding for artists in the same way we fund startups.
This already exists in the form of record deals or contracts paying artists such as sculptors or painters for their next N pieces. It's worth noting that, in music at least, every year more artists are succeeding without this kind of investment and the percentage of music backed by a label is dropping[0].
The extreme supply of artists vs. demand will always mean most artists cannot be invested in, I'm not sure the OP has actually made the case that the problem their discussing exists.
[0] https://www.musicbusinessworldwide.com/slowly-but-surely-the-major-labels-dominance-of-spotify-is-declining/ https://www.musicbusinessworldwide.com/slowly-but-surely-the...