The Finger’s on the Self-Destruct Button
Innerviews
49642

I disagree that music-streaming services see this as a short-term play. Maybe their investors, the “rights holders” and music labels you mentioned do, but ultimately they’re going to become more and more irrelevant as music becomes more democratized. You can’t say you haven’t discovered (and likely seen in concert) more bands as a result of music-streaming than under the previous label-dominated system. I get that artists are pissed that they’re not getting paid enough but if you want to tackle the real problem talk to the LABELS. They’re the ones eating up 70% of the music-streaming profits for virtually no reason. I have to think that labels themselves see their role as ultimately diminishing, particularly when an artist has independent access to an audience of 50 million music streamers and the ability to upload their music themselves. I think artists need to stop thinking of music-streaming as revenue and more as a platform for exposure and distribution. Gone are the days when consumers are willing to pay-per-song/album but the economics of streaming seem to make a lot more sense when you remove the middlemen. In the end, I don’t think artists are going to stop making music and I think where we are now is WAY better than the days of illegally downloading on Napster. Artists do need to continue to have a stake in the future of the industry but I hope the collective sentiment and public outrage shifts away from music-streaming and more towards the labels.

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