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Post by Q3 on Nov 11, 2018 22:10:33 GMT -5
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Post by DancyGeorgia on Nov 12, 2018 1:20:19 GMT -5
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Post by skaschep on Nov 12, 2018 2:28:06 GMT -5
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Post by DancyGeorgia on Nov 12, 2018 4:39:59 GMT -5
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Post by pi on Nov 12, 2018 5:54:18 GMT -5
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Deleted
Posts: 0
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Post by Deleted on Nov 12, 2018 8:13:50 GMT -5
Interesting article posted recently about dwindling album sales. Here's another dated Nov 2 about the state of Spotify's revenue. Several here have posted the paltry earnings artists receive. So Spotify, who doesn't make any money either, has moved on to podcasts which compete with the record labels and artists represented by those labels. They're also offering indie artists the ability to upload to the Spotify platform.
Spotify Can’t Keep Losing More Than $1 Billion a Year. Can Podcasts Rescue Its Business Model?
Why is the streaming giant getting into podcasting, and what does it mean for the record business?
The music industry, which many wrote off as a dead duck, is now, once again, making exceedingly rich people significantly richer. Ask the guy worth $17.9 billion, and he’ll tell you: We’re officially back in business.
This rosy narrative, however, is built on strained foundations. Spotify is largely responsible for pulling the music industry back from the brink. Since being founded in 2008, the Swedish streaming company has paid out more than $10 billion to music rights-holders (labels, artists, songwriters, etc.) in royalties. And it’s currently handing them $288 million every month.
Yet Spotify’s business model remains fragile. Last year, the firm posted a net loss of €1.24 billion ($1.4 billion); this year, it’s on course for another billion-dollar deficit — after losing €563 million ($681 million) in the first six months of 2018 alone.
Spotify’s primary problem? It’s contractually obligated to pay the record companies the majority of its revenues. As one very senior major-label executive recently told me, “No company can survive those losses over and over. Spotify ultimately has two options: Sell up, or try to do a Netflix.”
“Doing a Netflix” is industry parlance for the idea of Spotify “signing” artists itself — cutting out the middle man. It’s a process that’s already started: Last month, Spotify announced that indie artists could now upload direct to its service, bypassing a central function of record companies.
---- Last month, Spotify quietly introduced Spotify for Podcasters — a tool that offers valuable analytical insights, while making it easier to distribute your ‘cast. At the same time, Spotify’s Premium app was redesigned to make podcasts easier to find. ------- Just how irritated the major labels become with Spotify’s podcast strategy will be revealed in six months’ time, when the streamer’s current licensing deal with the biggest major label, Universal Music Group, expires. UMG could, and likely will, demand strict limitations on the presence of podcasts in Spotify’s audio mix.
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Post by betty on Nov 12, 2018 9:08:50 GMT -5
HAPPY BIRTHDAY TO YOU ...
... andi4sure, brigadoon, iines, ...
... martinakrystal, resphil7, ...
... thebelltollsforme and yen!
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Post by girldrummer on Nov 12, 2018 11:47:08 GMT -5
@xtammy_Glambert: Day 204 😋 Ok. Please explain the countdown! Day 204 means what? Did I miss something?
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Post by adamrocks on Nov 12, 2018 11:48:45 GMT -5
Oh! Betty...those cakes look so DELICIOUS!! WOW!!
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Post by girldrummer on Nov 12, 2018 11:51:18 GMT -5
Interesting article posted recently about dwindling album sales. Here's another dated Nov 2 about the state of Spotify's revenue. Several here have posted the paltry earnings artists receive. So Spotify, who doesn't make any money either, has moved on to podcasts which compete with the record labels and artists represented by those labels. They're also offering indie artists the ability to upload to the Spotify platform.
Spotify Can’t Keep Losing More Than $1 Billion a Year. Can Podcasts Rescue Its Business Model?
Why is the streaming giant getting into podcasting, and what does it mean for the record business?
The music industry, which many wrote off as a dead duck, is now, once again, making exceedingly rich people significantly richer. Ask the guy worth $17.9 billion, and he’ll tell you: We’re officially back in business.
This rosy narrative, however, is built on strained foundations. Spotify is largely responsible for pulling the music industry back from the brink. Since being founded in 2008, the Swedish streaming company has paid out more than $10 billion to music rights-holders (labels, artists, songwriters, etc.) in royalties. And it’s currently handing them $288 million every month.
Yet Spotify’s business model remains fragile. Last year, the firm posted a net loss of €1.24 billion ($1.4 billion); this year, it’s on course for another billion-dollar deficit — after losing €563 million ($681 million) in the first six months of 2018 alone.
Spotify’s primary problem? It’s contractually obligated to pay the record companies the majority of its revenues. As one very senior major-label executive recently told me, “No company can survive those losses over and over. Spotify ultimately has two options: Sell up, or try to do a Netflix.”
“Doing a Netflix” is industry parlance for the idea of Spotify “signing” artists itself — cutting out the middle man. It’s a process that’s already started: Last month, Spotify announced that indie artists could now upload direct to its service, bypassing a central function of record companies.
---- Last month, Spotify quietly introduced Spotify for Podcasters — a tool that offers valuable analytical insights, while making it easier to distribute your ‘cast. At the same time, Spotify’s Premium app was redesigned to make podcasts easier to find. ------- Just how irritated the major labels become with Spotify’s podcast strategy will be revealed in six months’ time, when the streamer’s current licensing deal with the biggest major label, Universal Music Group, expires. UMG could, and likely will, demand strict limitations on the presence of podcasts in Spotify’s audio mix.
This is all very confusing to me. What is a singer to do? What is the new strategy? Will the Billboard charts mean anything anymore? Will success be measure only by the number of streams? I know streaming has already become very important. Most important to me is, what will Adam do? How are record labels involved in all this? Will they survive? Will signing with a record label be of any advantage to a singer at all anymore? I see things really changing!
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