4 ms·
Here's the problem: 70% of what? Revenue? What if the revenue is lousy? Also, indie musicians have lousy royalty terms compared to the major labels that have
by tunesmith 13y ago
Here's the problem: 70% of what? Revenue? What if the revenue is lousy?
Also, indie musicians have lousy royalty terms compared to the major labels that have partnered up with Spotify.
There's also the problem that services like this and Pandora are apparently unsustainable.
It's really part of a long pattern starting with Napster. Start a kick-ass service that gives music away for "free", ignoring pesky problems such as illegality or unsustainable royalty costs. Get the consumers excited about it by lying to them, and lose money for a while as you grow. Then pit the users against the musicians by having everyone complain to Congress about the royalty rates and try to convince the musicians that they shouldn't expect to make money if they aren't off sleeping on Motel 6 floors and making $12/night trying to sell t-shirts in dive bars. (Oops, did some bitterness sneak in there?)