New high quality streaming services such as Spotify provide users with an all-you-can-eat business model for listening to music. While Spotify is quite popular, it success totally depends on the willingness of the musicians to have their music available on Spotify. Big classical bands such as Led Zeppelin and the Beatles aren’t available, and Thom Yorke and Atoms for Peace recently withdrew their music from the streaming service, criticizing the company’s business model by saying that it ‘stifles’ the new artists, who only get approximately half a cent per stream per song. In order to be a valuable addition to the music industry, Spotify has to fix this otherwise more artists will be unwilling to collaborate with the streaming service.
The internet is a place where in theory everyone is equal. The old notion of consumer producer won’t hold anymore. While this may be devastating for the old music industry, it creates a lot of opportunities for musicians and fans to interact in a more direct way with one another. Everyone who fails to understand that, will have to play the second fiddle.
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