Technologists in Silicon Valley love to tell artists we need to update our business model.
This is hilarious since each of my businesses have been profitable for decades. Stunning when you look at just how unprofitable these Silicon Valley Companies actually are. Twitter for instance lost $645 million dollars last year. Jaw dropping when you consider that their total revenues were $646 million dollars. They spent 2 dollars for every 1 dollar of revenue. And if you look at their losses they are accelerating.
Now consider the fact that the City of San Francisco also gave them approximately $56 million in tax beaks. This is while the city has been pushing to slash benefits to city workers.
Yes maybe Camper Van Beethoven needs to update our business model to include tax breaks and political cronyism.
Posted in Artist Rights, Magic Beaver, Music Streaming, Musician's POV, Silly Con Valley Insight
- Tagged adapt and evolve, Advice, Business Models, david lowery, IPO, Losses, musicians, Net Revenue, Spotify, Twitter
We’re seeing more and more artists speaking up and speaking out against the unsustainable economics of the exploitation economy. We also hope more artists will also be speaking up about the Ad Funded Piracy that creates the downward pressure to justify these bad business models.
There used to be one band with the courage to do this sort of thing: Metallica. Now, there are dozens of high-profile artists, with outspoken critics like David Lowery and Thom Yorke leading a previously-unthinkable level of protest against streaming and content devaluation. Here are just a few of those voices that emerged in 2013.
READ THE FULL POST AT DIGITAL MUSIC NEWS:
Posted in Ad Sponsored Piracy, Artists Rights Watch, Music Streaming, Musician's POV, Songwriter Rights
- Tagged artists rights, Business Models, Music Streaming, musicians, Spotify, sustainability, Unsustainable