Bjork have done press interviews to market today’s live stream of her New Apple TV+ concert movie “Cornucopia,” But a comment she made about Spotify During an interview with the Swedish outlet Today’s News Grabbing headlines on Friday: “Spotify is probably the worst thing that has happened to musicians.”
She commented when discussing her preference to create new music over tournament. “The living part is, and will always be, a large part of what I do,” she said in a translation from Swedish published in Nme. “But I’m lucky because I no longer need to raise money on tours, which younger musicians are often forced to do.
“In that respect,” she continued, “Spotify is probably the worst thing that has happened to musicians. The streaming culture has changed an entire society and a whole generation of artists. ”
To be fair, her comment really aimed at the streaming economy, which, on the one hand, saved a music industry that for more than a dozen years had been ravaged by illegal download generation of nothing for artists and rights such as labels and music publishers – but on the others pay musicians and Especially songwriters a fraction of what they earn on the sale of physical product such as vinyl and CDs: Streaming Services pay approximately between $ 0.003 and $ 0.005 per power, which is paid directly to the rights -hovings (usually labels and publishers) who then pay the artist Or the songwriter and other stakeholders.
Not surprisingly, these lean payments mean that only the very top-controlled artists-most of the time superstar can make significant income from streaming, which is why musicians have come to rely on tournament, sales and brand partnerships for their livelihood.
But even that model has faltered in recent years, as the post-pandemic glow has faded from the live music industry and in a tougher economy, many tours, even by big stars, have met lower ticket sales than hoped-a really existential crisis, Because it leaves many musicians in principle no way to serve their lives while music companies and especially streaming services are the main recipients – Forbes appreciates Spotify CEO and co -founder Daniel Ek’s net value to $ 7.4 billion.
It is obvious that the streaming economy is too long for a conversion.
