Spotify, worth $67bn, has seen its share price TRIPLE in 10 months. Should Daniel Ek pay artists a ‘bonus’ to say thank you? - Music Business Worldwide https://www.musicbusinessworldwide.com/spotify-worth-67bn-has-seen-its-share-price-treble-in-10-months-should-daniel-ek-hand-cash-to-artists-as-a-thank-you/
Remember. The federal government forced songwriters to license to these platforms then set the rates at unsustainable levels. We were told this was to help jumpstart the digital music ecosystem. That sounds like an involuntary investment to me. We’d like to cash out.
You know there is something wrong when running your label like a small batch distillery is more profitable than using digital platforms. As much as a hassle this is, this pile generates the same revenue as 100 million YouTube streams
And the dog enjoys all the activity.