Digital streaming has been in the news of late what with Spotify and Pandora (the US equivalent) as to how much money the artists receive in royalties. No one denies getting your music out there and heard is a bad thing, that’s how sales have always been generated. With the streaming argument it is what share of the money the actual musicians should be receiving. There’s no doubt the streaming music has increased actual sales. Unlike CD’s and vinyl, where there is an outlay for production, distribution and sellers cut, streaming (also digital downloads) the record companies have absolutely no outlay. Yet they still take the same cut as they do for the hard copy versions.
Is this fair? Now many artists have been very vocal in their decent for live streaming to the extent they’ve even removed their music from these sites. Does this alienate possible fans? Does it send people towards illegal download sites? For me I’d want my music heard because once people know who you are, the next piece of music is easier to market surely? To be fair previously in this article I’ve said record labels have taken the lions share of profits from these streaming sites, not all companies take this stance. Regrettably it’s not the two major labels of Universal or Warner’s but other smaller ones’ go 50/50 with the artists, which to me is a fair way of doing business. I have spoken to quite a few artists over the last few months about this subject most have quite strong views on this. It would be good to gauge public opinion too. For me this is something that’s not going to go away and some compromise will have to come out of this sooner rather than later. What do you think? Make a printable comment.