Can Deezer shake-up the streaming model?
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 7 September 2023
⏱️ 10 minutes
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Summary
From the BBC World Service: French streaming platform Deezer and Taylor Swift’s label Universal Music have agreed a new plan for the way artists receive royalties. It’s based on the idea of prioritizing professional musicians over amateurs, and streams of ambient sound and white noise. As Deezer puts it: Harry Styles deserves a bigger reward than the sound of a washing machine. But will it shake-up the market? We speak to Deezer’s chief operating officer Gitte Bendzulla. Plus, earlier this week we looked at how working from home had changed an office district in London. Today we’re off to India where the software company Zoho is trialling what you might call ‘working from the village’. The idea is to help employees enjoy a more affordable lifestyle whilst also boosting rural communities.
Transcript
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| 0:00.0 | Bigger rewards for artists, but is it really the start of a music streaming revolution? |
| 0:06.6 | Live from the BBC World Service, this is the Marketplace Morning Report, Will Bain |
| 0:10.5 | in Fawlianna today, great to have your company. |
| 0:13.1 | Yeah, right now, artists, and we'll need to use some air quotes here, like this. |
| 0:22.2 | Make the same money for a 30-second player's artists like Harry Styles. |
| 0:26.3 | I don't know if I could ever go without what I'm used to the pie, what I'm used to the pie. |
| 0:35.5 | Those were the examples. |
| 0:36.5 | The French streaming platform, Deezer, raised as it announced the deal with universal music |
| 0:41.0 | to try and boost the cash artists' make-from-streaming platforms. |
| 0:44.9 | For many in the music industry, change in the financial model is long overdue, but does |
| 0:49.5 | this go far enough? |
| 0:51.0 | Gita Benzilla, chief operating officer at Deezer, told us more. |
| 0:54.3 | So what we had changed in Deezer is primarily that we are putting the artist and their engagement |
| 0:58.5 | with users in the centre of our thinking. |
| 1:00.5 | That means every artist is still paid under the current system, but we are giving it |
| 1:05.2 | so-called double boost to genuine artists. |
| 1:08.4 | And that means artists that have a minimum of 1,000 streams per month and the minimum |
| 1:14.1 | of 500 unique listeners. |
| 1:16.3 | And we want to better reward the artist and the music that the fans value the most. |
| 1:21.0 | And we are giving a boost to fans actively engaging with providers. |
| 1:25.1 | Right. |
| 1:26.1 | So if people searched for, say, their favourite artist, actually, they would get a boost for that, |
... |
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