There’s Big Money in Music Streaming, But Not for Many Artists
KQED's Forum
KQED
4.2 • 727 Ratings
🗓️ 5 April 2021
⏱️ 55 minutes
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| 0:44.6 | From KQED. |
| 1:01.8 | From KQED Public Radio in San Francisco, I'm Ariana Prail. |
| 1:09.3 | In March, recording artists protested outside Spotify offices around the world as part of an ongoing movement to demand better pay. |
| 1:12.6 | The streaming site's payout rates have been decreasing over time, with artists today making an estimated 0.0038 cents per stream. |
| 1:17.6 | The union of musicians and allied workers and advocacy group |
| 1:19.6 | that came together during the coronavirus pandemic |
| 1:22.6 | wants the Swedish streaming company to pay at least a penny per stream |
| 1:25.6 | and be more transparent with its dealings. |
| 1:28.3 | We'll learn more about how streaming and artist compensation really breaks down, the union's demands, |
| 1:33.3 | and how independent artists are making money these days. |
| 1:36.3 | That's next after this news. Welcome to Forum. I'm Ariana Prail. In 2018, Daniel Eck, the CEO of Music Streaming Company, Spotify, shared a mission statement to investors that the company wanted, quote, to unlock the potential of human creativity by giving a million creative artists the opportunity to live off their art. |
| 2:05.6 | Which sounds great, but NPR calculated roughly for an artist to earn the equivalent of $15 an hour at a full-time job. |
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