Such a good read.
“In late 2013, Spotify disclosed an average per-stream payout to rights holders of “between $0.006 and $0.0084,” or less than a penny per play. Spotify has called per-stream averages a “highly flawed” way of looking at its value, saying that as more and more people subscribe to the service, everyone will benefit. And to be sure, artists have always received, at best, only a fraction of revenues from their records. In 1983, about 8% of the price of an $8.98 vinyl album went to artists, according to Steve Knopper’s book Appetite for Self-Destruction. When the CD arrived that same year, artists got less than 5% of the $16.95 price. By 2002, when CD prices hit $18.99, 10% went to artists, according to Greg Kot’s Ripped. Download sales cut out the cost of packaging, but artists got only a slightly bigger share of revenues: just 14% of the $9.99 iTunes album download price, according to a David Byrne essay in 2007, or 17% for an artist on one indie label cited by Kot.”
I don’t know what the solution of artists actually making the money they deserve is. But I do know that I am quitting streaming and going back to buying albums.
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