4.3 • 847 Ratings
🗓️ 19 May 2025
⏱️ 30 minutes
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0:00.0 | If you care about Hollywood, and I assume you do if you're listening to the town, you should really be getting the whole story about Hollywood. |
0:06.2 | That's what you get with Puck. |
0:07.5 | I'm a founding partner at Puck, and I write a newsletter called What I'm Hearing. |
0:10.6 | It's got exclusive news for insiders and analysis of the biggest stories. |
0:14.9 | Puck has a bunch of great journalists. |
0:16.5 | We just hired Kim Masters, who also covers Hollywood from the inside, plus media, sports, fashion, |
0:21.7 | politics, and finance. It's a must have for plugged-in people. Fans of the town get a |
0:26.6 | discount on the description page of this episode or at puck.news slash the town. Go further into |
0:32.1 | Hollywood by becoming a puck member today. It is Monday, May 19th. |
0:38.8 | Pretty much since the moment music became shareable online and music streaming services |
0:43.4 | started popping up, there's been a tug of war over the royalties that those services pay |
0:47.9 | out. |
0:48.7 | The artists, record labels, and music publishers all believing those payouts should be higher. |
0:53.5 | That's especially true at Spotify, which is the leader in audio streaming worldwide. |
0:57.2 | They've got 268 million paid subscribers as of the first quarter, |
1:01.5 | 678 million monthly active users, both numbers up about 10% year over year. |
1:06.8 | Remember, the music labels were initial investors in Spotify, |
1:09.9 | yet as the platform has grown, |
1:11.7 | it's often been looked at skeptically by artists and their representatives. |
1:15.5 | Taylor Swift famously pulled her music a decade ago over the low artist payouts, particularly |
1:19.7 | on the ad-supported free tier of the service. |
1:22.7 | But lately, Spotify has been aggressively countering that narrative. |
... |
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