4 ms·

I have no idea how popular Neil Young is, but I can imagine this can boost his popularity which then he can cash in somehow.

knaik94 5y ago
I imagine leaving the most popular streaming platform is going to be hurt financially in the long run.
- snowwrestler 5y ago
  Maybe not; Spotify is famous for how little they pay artists for song plays. Most artists seem to think of it as a marketing channel like radio, not a revenue source.
  - cronix 5y ago
    > Spotify is famous for how little they pay artists for song plays Maybe, but > 60% of Young's streaming revenue comes from Spotify meaning the move is likely to cost him and his record label, Warner Bros[1] So what "little" they paid him was still the majority of what he was making. And I think it will be hard for someone from his genre (1960's/70's) to make a come back. Most people under 35ish-40 have never heard of him and likely won't listen due to the genre. [1] https://www.euronews.com/culture/2022/01/27/spotify-grants-neil-young-s-request-to-remove-music-in-conspiracy-theory-row https://www.euronews.com/culture/2022/01/27/spotify-grants-n...
    - rpd9803 5y ago
      LOL Do you really think musicians make most of the money they make from streaming? Dude could have 1 concert a year and pull in more than his streaming would in a decade. Not to mention merch, commercial licensing.. etc.. LOL
      - cronix 5y ago
        > So what "little" they paid him was still the majority of what he was making streaming There, I fixed it. LOL
    - pwinnski 5y ago
      60% of his miniscule streaming revenue? 60% of 1% is 0.6%, I think he'll be okay.
    - pseudalopex 5y ago
      He sold 50% of his music rights for $150 million last year. And he was rich already. His investments should make much more than streaming. He just signed a deal with SiriusXM too.[1] I think he'll be all right. [1] https://www.hollywoodreporter.com/business/digital/siriusxm-neil-youngs-music-after-spotify-removal-1235082417/ https://www.hollywoodreporter.com/business/digital/siriusxm-...
      - snowwrestler 5y ago
        Deals like this are happening because there is so little revenue from streaming. This is why you hear Led Zeppelin and Dylan songs in car ads now. With little revenue from recording sales or streaming, artists are leaning more on other revenue like sync licenses and co-marketing deals. If you read carefully, the Sirius deal is not just access to Young’s back catalog, it is using his name to market Sirius. He gets paid for that on top of the music itself.
- randlet 5y ago
  I really don't think Neil Young cares about lost Spotify revenue at all. He's already wealthy and at 76 years old and this is more about publicity for something he believes in.
- rpd9803 5y ago
  I'm sure he'll miss the quarterly $2.23 royalty checks real bad.
randlet 5y ago
Neil Young has sold over 75 million records and is likely wealthy beyond most peoples dream. He probably doesn't care a lick about lost Spotify revenue and "cashing in" in is likely raising awareness for a cause he believes in.

knaik94 5y ago

I imagine leaving the most popular streaming platform is going to be hurt financially in the long run.

snowwrestler 5y ago
Maybe not; Spotify is famous for how little they pay artists for song plays. Most artists seem to think of it as a marketing channel like radio, not a revenue source.
- cronix 5y ago
  > Spotify is famous for how little they pay artists for song plays Maybe, but > 60% of Young's streaming revenue comes from Spotify meaning the move is likely to cost him and his record label, Warner Bros[1] So what "little" they paid him was still the majority of what he was making. And I think it will be hard for someone from his genre (1960's/70's) to make a come back. Most people under 35ish-40 have never heard of him and likely won't listen due to the genre. [1] https://www.euronews.com/culture/2022/01/27/spotify-grants-neil-young-s-request-to-remove-music-in-conspiracy-theory-row https://www.euronews.com/culture/2022/01/27/spotify-grants-n...
  - rpd9803 5y ago
    LOL Do you really think musicians make most of the money they make from streaming? Dude could have 1 concert a year and pull in more than his streaming would in a decade. Not to mention merch, commercial licensing.. etc.. LOL
    - cronix 5y ago
      > So what "little" they paid him was still the majority of what he was making streaming There, I fixed it. LOL
  - pwinnski 5y ago
    60% of his miniscule streaming revenue? 60% of 1% is 0.6%, I think he'll be okay.
  - pseudalopex 5y ago
    He sold 50% of his music rights for $150 million last year. And he was rich already. His investments should make much more than streaming. He just signed a deal with SiriusXM too.[1] I think he'll be all right. [1] https://www.hollywoodreporter.com/business/digital/siriusxm-neil-youngs-music-after-spotify-removal-1235082417/ https://www.hollywoodreporter.com/business/digital/siriusxm-...
    - snowwrestler 5y ago
      Deals like this are happening because there is so little revenue from streaming. This is why you hear Led Zeppelin and Dylan songs in car ads now. With little revenue from recording sales or streaming, artists are leaning more on other revenue like sync licenses and co-marketing deals. If you read carefully, the Sirius deal is not just access to Young’s back catalog, it is using his name to market Sirius. He gets paid for that on top of the music itself.
randlet 5y ago
I really don't think Neil Young cares about lost Spotify revenue at all. He's already wealthy and at 76 years old and this is more about publicity for something he believes in.
rpd9803 5y ago
I'm sure he'll miss the quarterly $2.23 royalty checks real bad.

randlet 5y ago

Neil Young has sold over 75 million records and is likely wealthy beyond most peoples dream. He probably doesn't care a lick about lost Spotify revenue and "cashing in" in is likely raising awareness for a cause he believes in.