We just can’t get enough of this story. There’s a great interview with the band at the link below.
Spotify is a great way for most musicians to make money. By most musicians, I mean a superstar economy of 1% who account for 77% of all artist revenue from streaming. And by “money” I mean the $0.007 per stream that most artists receive.
READ THE FULL STORY AT VICE:
http://noisey.vice.com/blog/one-band-have-worked-out-a-way-to-cheat-spotify-out-of-money
What we find so interesting about this is that the digital music services that report to be friends of musicians are not taking a strong public position against Ad funded Piracy and supporting these measures.
Spotify, Pandora and the like are affected by the downward economic pressure created by Ad Funded Piracy that diminishes both the amount consumers are willing to spend on subscription fees and the amount that can be charged for legitimate advertising on legitimate services.
Why aren’t Spotify and Pandora more publicly engaged in the fight against Ad Funded Piracy as it certainly is a large contributing factor as to why these businesses remain unprofitable.
Websites offering illegal copyrighted material could see their advertising revenue cut under a new initiative.
Police have created an online database of websites “verified” as being illegal.
It is hoped that firms that handle advertising will use the resource to make sure they do not serve advertising on those sites, cutting off revenue.
Top piracy sites generate millions of pounds thanks to advertising.
One estimate, from the Digital Citizens Alliance – a group backed by rights holders – suggested that piracy websites worldwide generated $227m (£137m) from advertising revenue each year.
Even smaller sites commanded revenues into the hundreds of thousands, the group said.
READ THE FULL STORY AT THE BBC:
http://www.bbc.com/news/technology-26788800
Watch stories about Spotify planning a stock market flotation this Autumn spread across the web in the coming hours, triggered by a report on tech/business site Quartz.
“The popular music-streaming company has participated in informal chats with some of the investment banks likely to fight for a role in a potential IPO, sources familiar with the process said,” claims the article.
“The six-year-old service may start holding formal meetings as early as next month in anticipation of an offering in autumn. (Though the timeline for a possible IPO could change for a number of reasons, including unfavorable market conditions.)”
READ THE FULL POST AT MUSICALLY:
http://musically.com/2014/03/27/spotify-ipo-planning/
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