Yesterday, on-demand music streaming service Spotifydid something pretty big by explaining in detail how it calculates and pays out royalties to rightsholders. With so many music industry pundits and practitioners in a tizzy about the economics of streaming, this move can be generally seen as positive. But as always, the devil is in the details.
It is certainly significant that Spotify took this step—probably long overdue—and we hope that it serves to increase the standard of transparency across the digital music sector. When a market leader like Spotify makes this kind of move, it can be a spur to other players to follow suit. However, it doesn’t really change much in terms of artist leverage on streaming on-demand services, nor does it impact most musicians and songwriters’ bottom lines. We spend a great deal of time considering this stuff—in fact, our own Kristin Thomson recently wrote a post for Music Think Tank about ways to make streaming music more viable for artists. (And if you need a primer on how the money flows on a variety of music platforms, check out these handy charts.)
20.7 million Americans (8.8% of all US adults) attended a classical music performance in 2012, according to the National Endowment for the Arts’ recent survey highlights. 19 million (8.1%) attended a jazz gig. But if these millions of classical & jazz fans tried to use any of the most popular digital music services to access classical or jazz music at home, they’d likely end up confused and unable to find what they’re looking for. read more
[…] In order to move the discourse forward, I followed up on an email that Kristin Thomson sent me after reading my article, and I asked her to bring her perspective to this conversation. Kristin is a social researcher, musician, indie record label owner, and a consultant for Future of Music Coalition, a national nonprofit that advocates for musicians. Since 2011, Kristin has also been co-director of Future of Music Coalition’s Artist Revenue Streams project, a multi-method, cross-genre examination of how musicians’ income streams are changing over time.read more
“The making of a good compilation tape is a very subtle art—many dos and dont’s.” – High Fidelity
This is the essentially the argument made by dance record label Ministry of Sound in their lawsuit against Spotify in the United Kingdom. Most of the label’s profits come from selling compilations featuring artists they haven’t signed—albums with names like Running Trax 2013, Clubbers Guide and Chilled House Classics.
“We painstakingly create, compile and market our [compilation] albums all over the world,” wrote Ministry of Sound chief executive Lohan Presencer in his Guardian Op-Ed.“Millions trust our brands, our taste and our selection.” (Note: Lohan Presencer is only a slightly-less awesome name than Benedict Cumberbatch.)
According to Presencer, the effort that goes into this curation process is intellectual property that needs to be protected.
This weekend, Radiohead frontman Thom Yorke and producer Nigel Godrich, collaborators in the band Atoms For Peace, made waves by pulling their material from streaming music service Spotify. Thom and Nigel explained that, in their view, Spotify’s business model doesn’t make sense for new artists. Godrich called the act a “small meaningless rebellion,” tweeting that, “small labels and new artists can’t even keep their lights on.
Are we willing to pay for creativity anymore? Musical hero Thom Yorke of Radiohead fame isn’t so sure. Yorke is boycotting the super music streaming service Spotify with his latest album “Amok.” Says Spotify doesn’t pay new young musicians enough to survive on. Fractions of a penny per digital listen. Pauper wages.
Streaming music services such as Pandora and Spotify promise a seemingly limitless song selection for listeners and actual royalties for artists. But amid growing complaints from artists that the Internet music services are hardly ideal for their bottom line, Radiohead frontman Thom Yorke has become the best-known artist to pull his music from Spotify. read more
Add Radiohead’s Thom Yorke to the list of high profile musicians protesting the amount of pay artists get from Spotify. Yorke pulled two albums from Spotify, Tweeting that he was quote “standing up for our fellow musicians.”
The growing popularity of music subscription services has sparked a debate about compensation and the worth of exposure. Casey Rae, deputy director at the Future of Music Coalition , an advocacy group for artists in the digital age, joins Marketplace Tech host Ben Johnson to discuss.
This post authored by FMC communications intern Olivia Brown
Metadata. Sounds like a android with irony issues. But it’s actually important to musicians and composers.
So what is it? Metadata is information that lives with every file on your computer. Through a mix of words and numbers, metadata describes files so that they can be managed by both the user and the system. In the case of a music file, metadata refers to the tags associated with a particular piece of music — such as the artist, album name, year of release, etc. These tags are definitely useful for the listener in keeping track of a digital collection. For artists, it’s about tracking for downloads and plays, which can ensure timely and accurate compensation.
Unfortunately, not all systems to organize metadata are created equal. Non-rock artists, especially jazz and classical musicians, have borne the brunt of some of the most poorly organized metadata out there. This is largely because the new business models are often developed with only popular music in mind.