Streaming Music is Ripping You Off | Sharky Laguna via Medium

A worthy read from Sharky Laguna on how streaming music has disconnected fans from bands.

You Are Worthless

Imagine a hypothetical artist on a streaming service. Which do you think that artist would rather have: 10,000 fans who stream a song once, or one fan who streams it 10,001 times? Seems obvious, right? 10,000 fans is much better than one fan! But the Big Pool method, which only cares about the number of clicks, says the single person is worth more!
Ass-Backwards

This is bad for the artist, but astoundingly it’s even worse for streaming services: if each subscriber is paying $10 a month then those 10,000 subscribers would generate $1.2M in annual revenue, while the single user only generates a measly $120. Clearly the services benefit from getting more subscribers, not more streams, so why are they incentivizing streams and ignoring subscribers?

READ THE FULL POST AT MEDIUM:
https://medium.com/cuepoint/streaming-music-is-ripping-you-off-61dc501e7f94

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