When you play a song on major streaming platforms, money doesn’t just zoom straight into an artist’s pocket. But what if it did? That’s how payments are designed to work on Audius, a platform built on a blockchain — yes, the same technological network that NFTs run on. And thisthree-year-old …
Read More »The Rosy 'Creator Economy' Is Music's Biggest Lie
Want to hear the most depressing stat in modern entertainment? It was effusively delivered the other month by a beaming Jack Conte, co-founder and CEO of fan-funding app Patreon, which is now worth $4 billion. “A study published a few years ago showed that 75 percent of kids aged 6 …
Read More »How 2020 Changed the Music Business Forever
If the music business were allowed to write its own history, every year’s chronicle would glow with variations on the same theme — the words “transformation,” “revolution,” and “record-breaking sea change” chief among the lexicon — ad nauseam. But in the peculiar shadow of 2020, these bombastic end-of-year appraisals, for …
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