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Musicians setting their own individual pricing is far too complex for modern royalty systems to manage. Because of the dynamics of the royalty system, a huge ov
by winternett 4y ago
Musicians setting their own individual pricing is far too complex for modern royalty systems to manage. Because of the dynamics of the royalty system, a huge overhaul would need to occur before that is possible on a large scale, it tragic that it hasn't been in process yet, but the system is old and resistant to change because it serves the wealthy "just fine" already.
I like to think that lowe pricing would encourage the purchase of music again. Streaming has taken over I believe BECAUSE of the current high price of downloading music, which is still close to the price of music when it was sold in physical formats. Switching to digital was primarily enticing because it was meant to lower cost of music, but that didn't take effect.
BandCamp allows musicians to set their own prices on their products, and they facilitate artists in selling physical media still, but the traffic and user experience on that site is nowhere near the quality that major competitors portray on a regular basis.
The main problem I have is that so many artists I know, that people would think are successful, are not making significant profit, while platforms and the major artists they push above everyone else, are significantly overpaid in comparison to harder working (and often just as talented) artists.