How online music is hurting the music industry
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Rescooped by zach schultze from Spotify & The Effect on the Music Industry
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Streaming Shakes Up Music Industry’s Model for Royalties

Streaming Shakes Up Music Industry’s Model for Royalties | How online music is hurting the music industry | Scoop.it
Companies like Spotify and Pandora are catching fire, but the money paid to artists is often tiny, which has the music industry on edge.

Via Brandon Kennedy
zach schultze's insight:

this is exactaly what i been talking about is that artist are getting nothing for there music from these sites

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Brandon Kennedy's curator insight, August 16, 2013 5:58 PM

This article is explaining that the royalties are razor slim for artists who use spotify and it has record labels on edge basically.

Rescooped by zach schultze from Spotify & The Effect on the Music Industry
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Spotify: The Future of the Music Industry (?)

Spotify: The Future of the Music Industry (?) | How online music is hurting the music industry | Scoop.it
Coming from an avid music fan it may seem bias to say that Spotify is one of the greatest things to ever happen to music, but it’s true.

Via Brandon Kennedy
zach schultze's insight:

this might be a game changer but you if my music was on there and i am a successful artist i wouldnt want 5 cents a play

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Brandon Kennedy's curator insight, August 16, 2013 5:52 PM

Personally I think it will be the future but in the end it will hurt the music industry to where it might not recover because you are cheating artists out of their royalties and allow fans to get their music for like $10 a month, instead of the $14 for each album

Brandon Kennedy's curator insight, August 16, 2013 5:55 PM

Personally I think it will be the future but in the end it will hurt the music industry to where it might not recover because you are cheating artists out of their royalties and allow fans to get their music for like $10 a month, instead of the $14 for each album

Rescooped by zach schultze from Spotify & The Effect on the Music Industry
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How Spotify Became the McDonald's of the Music Industry

How Spotify Became the McDonald's of the Music Industry | How online music is hurting the music industry | Scoop.it
Thom Yorke and Nigel Godrich caused quite a stir last week by pulling their music off Spotify, demanding that the service pay more to up-and-coming musicians. The thing is, however, that Spotify is...

Via Brandon Kennedy
zach schultze's insight:

This is what the basics of paying the artist little next to nothing.

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Brandon Kennedy's curator insight, August 16, 2013 5:56 PM

These artists are taking their music off spotify because they don't feel compinsated fairly for their work and I feel other artists are going to follow for the sake of the industry.

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The Effect of Spotify and Pandora on the Music Industry · hugovanessen · Storify

The music industry has had a rough patch for over a decade now.Since Napster musicians and record labels have only seen their profits decline.

Via Brandon Kennedy
zach schultze's insight:

i agree that there is no way that money is being brought in more by these sites than cds

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Brandon Kennedy's curator insight, August 16, 2013 5:54 PM

This is the example that I agree with completely because the profits of labels and thus studios have declined over the last decade and this will cause problems even if people think it is helping I can tell you confidently it will not

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Why the online music industry is a mess - Fortune Tech

Why the online music industry is a mess - Fortune Tech | How online music is hurting the music industry | Scoop.it
The war between music labels and online services is a little bloody. Here's why and how it might finally end.

Via Brandon Kennedy
zach schultze's insight:

they need to pay the bands more money to get the newer or more popular older songs on there sites.

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Brandon Kennedy's curator insight, August 16, 2013 5:49 PM

This site is explaining that online streaming of music has deystroyed the way music business should be done. I personally dislike pandora or spotify and any other streaming websites because it is a way for fans to cheat out their favorite artists of the royalties they would get if they purchased the album.