We all know the music industry isn’t in a good place right now. Sales are down and artist are not happy. So it made me think? Why don’t the Big 3 (Universal, Warner & Sony) just come together and make their own streaming service with all their music, instead of sharing profits with Spotify and Apple Music? I don’t get it.
Film/TV industries have their own dedicated services like Netflix, HBO Max, Disney+, etc. They don’t have a middle man taking a cut like Cable. Obviously, the Big 3 would need to come together to make this happen. Having 1 music service strictly for just 1 of them is a bad idea.
I just think Spotify & Apple are benefitting from this way more than the labels. And with Spotify paying HUGE amounts to the likes of Joe Rogan 😒. It’s kind of a slap in the face of the industry that MADE them this big. Like why is the Talk Tuah podcast getting just as big of bags as the labels & Artist? I know Jay Z tried his own service ran strictly by the artist called Tidal like 10 years ago, but he couldn’t get enough big artist to invest into it long term.
Can someone PLEASE explain to me why the Music Industry allows this?
It’s not confirmed afaik, but there is big motive behind it for Spotify to flood listeners with artists they don’t have to pay.
There’s also the apparent problem of third parties uploading AI slop. Spotify is putting in minimum listener requirements to supposedly deal with this, but what it will do instead is it choke out real small artists, and the AI artists will just get botted above the minimum pay threshold. To me, this gives Spotify even more motive than before to dilute all artists on the platform with their own AI music. They already make deals with large labels and podcasters, they don’t care about the other 90% of artists who eat at their bottom line.
“Spotify … anticipates reaching profitability for the full year in 2024, which would mark the company’s first full profitable year since it launched 18 years ago.”
Interesting that they anticipate a full year of profit when there is this “AI problem” plaguing them. How convenient it would be if it turned out to be their own AI artists they don’t have to pay.
"Ek said moving forward, Spotify will be more disciplined about how it spends money. “You should not expect that we’re going to go back to 2021 behavior. We want to be very resourceful,” he said. "
https://www.axios.com/2024/11/13/spotify-projects-first-full-year-of-profitability-ever
This video shows some AI artist profiles and talks about it more:
Da Colinata - Spotify’s MASSIVE Fake AI Scandal