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I do. The royalty system for music, TV, and movies are all actually quite mature - artists receive a few pennies per play. It adds up quick and can easily make
by cush 3y ago
I do. The royalty system for music, TV, and movies are all actually quite mature - artists receive a few pennies per play. It adds up quick and can easily make a living on royalties.
And why would that be the ceiling? AI only expands their existing markets and revenue streams
- djur 3y agoRoyalties are almost 100% a private industry matter in the US. There is compulsory licensing with legally mandated royalties for certain types of musical performance, but that is used quite rarely. The vast majority of US music licensing goes through performance rights organizations like ASCAP and BMI. I also wouldn't characterize musicians as being happy with the current state of royalties. Ask a moderately successful musician how much they make on Spotify plays sometime.
- cush 3y agoRight, as I said it’s a mature industry. I feel like you just added to my point. Also I said in my comment it’s pennies per play. Ask a moderately successful writer how much they make on chatGPT. Oh wait it’s zero.