Sunday, 23 June 2019

The price for your cheap streaming is...


  On Saturday Anil Prasad of Innerviews, a long standing online music magazine that is always worth reading, posted a series of tweets about streaming. I have banged on about this before here but you can't overstate the problem that moving to streaming is causing for the production of new music. These are the basic figures given by Innerviews, that are easily verifiable elsewhere online.

1 Stream on YouTube = $0.00069 1 Stream on Spotify = $0.00437 1 Stream on Apple Music = $0.00735 1 Stream on Tidal = $0.01250 1 Stream on Amazon Music = $0.00402

And it is all in dollars so for those with currency transactions to worry about the net income is even lower. 

As Prasad points out this explains why the gaps between albums and tours get ever longer. They can't afford it. Elvis may very well be working down the chip shop in fact. An established artist of my acquaintance with 5 gold and platinum discs on his wall spends most of his time working in his wife's craft supplies business as he can make better money packing candles than he can playing music.

Music is more available than at any time due to the internet and mobile phones, but the drive to having a streaming app on every phone and unlimited usage for £10 a month or less will affect the ability to produce new music. You may shrug your shoulders and say so what I only listen to the old stuff, and far too many people do. But to have a sustainable model for creative growth, we need new music coming along, if nothing else to draw new listeners into the back catalogue. People will always want to make music, and the opportunity to do so is greater than ever thanks to the same technology that is restricting the ability to make a career out of it. 

Music as a business is imperiled more than at any other time. Recorded music came along and took over from sheet music as the primary source of income, sheet music replaced performance and patronage and we have now come to the point where the sale of recorded music needs to be replaced as the primary income generator. For a while it looked like patronage was back thanks to crowd funding, but the recent Pledge music debacle (if you don't know about that google Pledge Music Danny Vaughn) has made the customers wary of committing to that. Live music? venues are shutting all over the country, The Borderline in London is only the most high profile, and with ticket prices moving slowly out of reach of regular attendance who knows what will happen to that.

The much reported "end of iTunes" , which is in fact anything but, will drive more people to streaming services which helps the dominant companies of the internet age but at the expense of pretty much everyone else. So if you want to support an artist buy their physical product (CD, LP) or at least their download, but don't think that by streaming their music you are helping.



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