Amanda Palmer: Spotify and iTunes “Aren’t Putting Any Money Back Into Content Creation” | DMN

We’ll be running more of the artist feedback and commentary from last week’s Virgin Disrupters roundtable. Here’s Amanda Palmer,

“Can I speak up here? I’d like to just add to what Zoe [Keating] was saying. There’s also – the other kind of general problem that I think we’re seeing that doesn’t really get addressed very much because it’s so big and possibly un-fixable is that as bad and clunky as the major label system was, you still had a constant influx of capital back from those giant, sometimes soul-sucking systems, back into content creation.

And one weird thing is that iTunes, Apple, Spotify, Google, whatever, all of the people who are profiting – [and] YouTube – who are profiting off the artists from the small level to the huge levels aren’t really feeding very much back into the creation of new content.

READ THE FULL STORY AT DIGITAL MUSIC NEWS:
http://www.digitalmusicnews.com/permalink/2013/10/29/palmeritunesspotify

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3 thoughts on “Amanda Palmer: Spotify and iTunes “Aren’t Putting Any Money Back Into Content Creation” | DMN

  1. This is a bit confusing. Amanda has given her music away, and encourages others to do the same. In a market, the lowest price sets the going rate of any good for sale. If she is declaring that the going rate of any music should be $ 0, where will the money come from to reinvest in musicians? And why would a for profit business want to invest in something that has a return of $ 0?

    And as bad as she implies labels were, they reinvested a lot of money in their artists. Sure, they did what big business does and used their leveraging power to get the most of any contract. But at the end of the day there was still a contract that an artist could accept or reject. However, when “music is free” there is no such idea as contract since the musician cannot offer anything that cannot be obtained at no cost already.

    One of the first things one learns in Economics is that any market requires property rights. In the digital age, artists have lost ownership rights of what they produce that were in place for hundreds of years. Our legal system has even helped this trend by legalizing a good deal of IP theft with the insertion of the “Safe Harbor Provision” of the DMCA.

    The bottom line is it is pointless to expect artists or any other party to invest money in their work when any finished product has no hope of having any value greater than $ 0.

  2. Falls Dich das aktuelle Debattenumfeld interessiert…: Dies ist frisch.

    (aus den Kommentaren: Actually, will.i.am builds on Amandas comments by criticizing VEVO, especially a structure that forces artists to pay for their own videos (directly as an independent or through some recoupment arrangement at a major), then forces, wraps, and monetizes whatever ads/commercials around those videos. )

    A.

  3. Pingback: Amanda Palmer: Spotify and iTunes “Aren’t Putting Any Money Back Into Content Creation” | DMN | Stan Stewart's Blog

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