Switching to a user-centric system would reduce the royalties paid out to rightsholders of the top 10 artists by 17.2%. The result would be small percentage gains further down the pyramid
While the massive spikes in media usage that sparked streaming enablement into near ubiquity weren’t unexpected given countrywide lockdowns, the aftermath reflects a permanently altered media landscape.
The Three Biggest Myths Deluding the Modern Music Business (Rolling Stone)
Streaming services like Spotify, Apple Music, Amazon Music, and YouTube contributed 85% of all record industry revenue in the United States in the first six months of last year, up from 80% in the same period of 2019, and they’re on track to be an even bigger presence in the future.