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Out of a 9.99 streaming subscription major labels get nearly half


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Old 05-02-2015, 14:03
TheTruth1983
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Artists get all of .68

http://classicrock.teamrock.com/news...vices-revealed

And, according to the figures highlighted by Music Business Worldwide, major labels take €4.56 of payments, with €2.08 going to the digital platform holders, €1 to publishers and songwriters, and 68 cents direct to the artists. The remaining cash goes to the government in the form of tax.
This is ridiculous and I say screw the major record labels. Vote with your wallets and support local and independent music, and buy directly from the artist where you can.
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Old 05-02-2015, 14:14
shaddler
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Another vote for direct purchases from artists. Good to see Bandcamp get a mention, not enough people know about it.
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Old 05-02-2015, 14:39
TheTruth1983
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Another vote for direct purchases from artists. Good to see Bandcamp get a mention, not enough people know about it.
Indeed. Bandcamp is where I get 99% of my music from - free streaming to check an artist out, a minimum price with a pay what you want system, skipping out the middle man, lossless downloads; what more do you need?

They have recently introduced label pages for the many indie labels who don't screw artists over as well.
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Old 05-02-2015, 16:25
Inkblot
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The article says that of that 4.56€, only 0.26€ is profit, compared with the 0.68€ the artists receive.

That's bonkers, but in the unlikely event that it's true, then it explains why the labels are unwilling to hand any more over to anyone else.
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Old 05-02-2015, 16:44
TheTruth1983
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The article says that of that 4.56€, only 0.26€ is profit, compared with the 0.68€ the artists receive.

That's bonkers, but in the unlikely event that it's true, then it explains why the labels are unwilling to hand any more over to anyone else.
I would suspect that there is some "Hollywood accounting" going on there. That cost to profit margin is too unbelievable.
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Old 06-02-2015, 06:32
StratusSphere
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While I agree with buying if you can afford to; I've always seen streaming more as another marketing platform rather than as a way direct for artists/record companies to make money. In that way its no different to going to the record shop and listening to it on those headphones they used to have before you buy it.

The reason a lot of people subscribe to streaming is because they simply can't afford to buy albums or singles because proportionally they're v expensive. But find an artist via streaming, and you can spread their stuff by playing it or spreading it by word of mouth; sharing on the internet, on Facebook, on forums like this one even, and who knows, maybe even chances are you might spread it to someone who's got cash enough to want to buy it.

I know I personally have found a lot of music through Spotify and by being able to listen to The Pierces and Katy B's albums for weeks and deciding I liked enough of the tracks for it to be worth it, it convinced me to buy them. As someone who doesn't normally buy albums anymore, if I'd just been able to listen to them on the radio or Youtube, it's such a hassle I probably wouldn'tve listened to them as much. Spotify etc. lets you play a song yeah, so it gets into your head and if you like the artist, you might look them up, maybe you'll want to support them if you've got free cash; maybe you'll want to buy it. That's how I've always understood the model to work anyway. It's a paid substitute for radio (because radio is quite limited in what it plays) rather than for buying music, with the added advantage that single artists can get loads and loads of 'airplay' from it.
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