We all know the music industry isn’t in a good place right now. Sales are down and artist are not happy. So it made me think? Why don’t the Big 3 (Universal, Warner & Sony) just come together and make their own streaming service with all their music, instead of sharing profits with Spotify and Apple Music? I don’t get it.

Film/TV industries have their own dedicated services like Netflix, HBO Max, Disney+, etc. They don’t have a middle man taking a cut like Cable. Obviously, the Big 3 would need to come together to make this happen. Having 1 music service strictly for just 1 of them is a bad idea.

I just think Spotify & Apple are benefitting from this way more than the labels. And with Spotify paying HUGE amounts to the likes of Joe Rogan 😒. It’s kind of a slap in the face of the industry that MADE them this big. Like why is the Talk Tuah podcast getting just as big of bags as the labels & Artist? I know Jay Z tried his own service ran strictly by the artist called Tidal like 10 years ago, but he couldn’t get enough big artist to invest into it long term.

Can someone PLEASE explain to me why the Music Industry allows this?

  • small44@lemmy.world
    131·
    8 days ago

    Actually it the labels who are taking advantages of the streaming services without mentioning profiting from artists they manage. When negotiating deals with streaming services like Spotify or Apple Music, labels often demand large advances. These funds are typically non-recoupable, labels keep this money regardless of how well the music performs on the platform.

    All major labels performed very well this year financially. It is really artists themselves who suffers

    • TwanHE@lemmy.world
      1·
      6 days ago

      Spotify is the only reason I don’t pirate 99% of my music (the other 1% is still played through it). Would go back to creating my own library

    • BadmanDan@lemmy.worldOP
      20·
      8 days ago

      Ohhh. You know, that makes sense. It felt like a stupid question asking how LABELS would allow themselves to screwed over, but once again, they aren’t the ones getting screwed over.

    • edric@lemm.eeEnglish
      5·
      8 days ago

      While that is true, even independent artists who don’t have a label grabbing all the profits still get shafted, earning next to nothing with streams.