For once, an article gets it right. It’s not streaming that is the problem. It’s the record labels taking all the profits and giving the artists next to nothing.
Which has been the case since the beginning: the man in the Cadillac. He’s selling exposure I suppose, but today perhaps the internet can take care of that?
I know a lot of us on these forums buy much of our Music using Bandcamp and until things change with the distribution of the money (which let’s be honest is going to take forever) this is probably the best way to support artists and get money directly to them.
Probably 70%-80% of my music purchases go through Bandcamp and I almost never buy from the biggest online music stores anymore.
Not sure how contracts can be voided in this area, which these bands have signed up too, but let’s hope more and more band’s go the direct selling route and potentially make a lot more money doing it.
This is not just about greedy labels. Streaming platforms should pay too. Their business model relies exclusively on maximisation of stock value - which explains why Spotify owner Daniel Ek can purchase Arsenal football club at 2.5 billion € - while Spotify does not make profits on most markets. Artists create the value, everyone else makes the money: time for a change!
$769 million is all that has gone through Bandcamp in the time it has been in existence. That’s nothing. Bandcamp has few artists and does not solve the problem.
I mean that, at least in the US, (C) is a constitutionally imposed monopoly that has been extended and extended by Federal law from its original 14 year length to favor certain (C) holders (especially those of famous animal characters). It’s rather silly to complain about (proposed) laws to improve artist compensation as “government intrusion” when the whole (C) construct is a government creation.