Over 16,529,085 people are on fubar.
What are you waiting for?
I'm probably like many and enjoy a non-stop flow of music into my ears. Bu t does my desire for high quality, low cost, tunes have any negative side effects. Well a recent newsletter from Projekt Records founder Sam Rosenthal, has shed some new light on the subject. It turns out that some streaming services pay less than one cent per play, in royalties to the artist.
"Let's discuss the economics. For a play on Spotfy.... NOW READ THIS CLOSELY..... on average $0.0013 is paid to Projekt. There is the math, plain and simple! 5000 plays generates around $6.50. In comparison, 5000 track downloads at iTunes generates almost $3000. To be clear: I am not suggesting that every stream would have been a sale at iTunes. I understand the reality of the music business. I am providing that as a comparison for you."
The above is quoted directly from the newsletter mentioned at the begining of this lovely extension. So if you really want to know more, please click here, and read it in full and for your self. I know I myself will be spending less time streaming music, and trying to save the cash to just buy it.
