The economics of the music business are getting more and more complicated. There are so many different music services out there, from free streaming stations like Spotify and Rdio to Internet radio stations like Pandora. it is commonly understood that artists make very little from these services. It is so bad that some bands, like Coldplay, have opted not to release their new songs via streaming services.
Rolling Stone‘s Steve Knopper did some calculations to find out just how little artists really get from using these services. What he found is that basically, it’s hard to make a buck… but, it’s not impossible. Everyone has a role in the business — from labels, to distributors, to songwriters and engineers — and there is enough money out there for each to get his or her fair share. What artists need MOST today are highly competent professionals who will take care of getting their creative product to listeners and fans, without making it impossible for them to survive.
- As Music Wars Heat Up, Is the Future Really Free? – BusinessWeek (exitbusiness.wordpress.com)
- Music Diary Notes: Coldplay … NOT Coming to Spotify/Rdio/MOG/etc … (geardiary.com)
- Spotify, Rhapsody, Rdio: When Will Subscription Music Pay Off For Artists? (fastcompany.com)
- Coldplay says no to streaming, are they missing out on millions of music listeners? (thenextweb.com)