negativity highlighters itt

Jesus f***

Streaming needs to be overhauled

Kroniic not here, they running out of talking points

He be back soon

That’s why it always irritates me when I see people caping for that s***. Artists don’t make anything off of streaming

That's a lie. Russ will be the first to tell you that's a lie. He's broken down countless times, just how much money he makes off streaming, despite never having any chart-topping hits. He makes millions every year.

Like before streaming, the money you generate from your music as an artist has to do with:
1. The terms of the deal you signed with your label.
2. His viable your music is at garnering streams, no matter how little.
3. How much you're involved in the creative process of your music (songwriting, production, etc).

They do more than they would have in the old system but still the revenue needs to be ⬆️ ⬆️ for all that damn engagement

Yeah because Russ rakes in millions upon millions of streams a year from multiple platforms.

You don’t think it’s crazy that the average payout of 1M streams on Spotify would be about $10K?

How is that not ridiculous and absurd? If you do ANYTHING a million times you should get more than $10K

haven't looked into it too deeply but ik they are trying to milk the userbase of streaming services out of more money. i doubt this will translate to considerably more money for artists the same way rising ticket prices hasn't translated to considerably more money for artists

the industry must move beyond streaming.

But how? We are raising a tech illiterate generation that literally only knows how to stream endless music/media at the push of a button lol. It’s more than just music.

unfortunately, i dont see a fking technology that would replace ts for the next 20 years

Probably not it seems like final point for music consumption
The streaming 2.0 thing is BS and reeks of desperation to get ppl to buy their catalogs again

i know i wrote a data report last year and my conclusion was "in order to bring (monetary) value to music, fans must buy the albums/merch/etc outright and because napster has devalued music in the eyes of the average consumer, there must be certain measures that mainstream artists must adopt".

the main measure imo is similar to what these labels are trying to do with streaming (early access to music/ticket sales/etc, higher quality music etc) but it should rather be something similar to what radiohead did with in rainbows where they sell the album and the fan can decide how much they would pay for it (if they dont download it for free).

the problem with mainstream artists doing this is that it would inevitably take money away from smaller artists doing the same thing on services like bandcamp

From 2006, when Spotify launched as a company, they didn't turn a profit until last year. That's almost 20 years, expanding, hiring people, paying salaries, etc, all at a deficit. I think the CEO of Spotify said the company paid out over $60B in royalties last year to the big 3 record labels.

The issue isn't that Spotify doesn't pay enough. It's that most artists are signed to major record labels on deals that aren't favorable to them. It's that many artists don't write or produce their own music so they make little to no money on their publishing. It's that many artists don't have their music generate significant streams so the pay out isn't enough.

I'll always maintain that the secret to financial freedom for any musician, is becoming established as a touring act.

Russ has performed in every corner of the world. That's how he has slowly grown his fanbase to a point where he's generating billions of streams yearly. It also doesn't hurt that he is independent and he writes/produces most of his own music so his payments come directly to him.

Every artist can't be a Russ, but every artist can establish themselves as a viable touring act. An artist who can work to the point where they can sell out at least a 5,000 capacity arena in every state in the US can play 50 shows, sell 250,000 tickets across the country and make some real money.

I remember an old Wiz Khalifa interview where he said he tours every year because that's how he makes his money. Every year, he plays 30-40 shows and takes home $20M+ and rests till the next year to do it again.

The thing is, you have idiots like Joe Budden pocket-watching artists who are significantly richer than he is whenever they announce a tour because they can sell out major venues and make real money for themselves. You have artists who are lazy and will tell you they don't want to tour like performing isn't half of their job as an artist (all musicians are recording and performing acts).

It's a very long-winded post but all those things factor into why many artists are frustrated today but for anyone willing to work their asses off, there's always a way out imo.

It's for mega stans cause they realize concert ticket purchasing is a cooked event and that stans have started hoarding multiple covers of vinyls ans CDs just to feel something again

@hadjigaviota semi related to ur video but idk which thread its in so bear with me

we might need to look in another direction for a paradigm shift, i like how artists incorporate DJ sets at concerts now. feels like a club night out hybrid with a traditional concert.

yea dj sets are hard at concerts but my point is that streaming isn't generating enough revenue for the industry as a whole so something (that is convenient enough for consumers/fans) must come along and get that revenue back or else

which ktt poster in this

Pnd and Drake being so locked in 12 years in is beautiful to see 🫶🏼

250k while being blackballed from the industry and PND being listed as the main artist

Having to tour to sniff at financial freedom is the very thing artists are pissed about