Spotify is 16 years old, billions invested, went public making investors a boatload, barely turns a profit. No new ideas.
Still vaunted as the most plausible future model for music.
Opensea likely makes 9 figures profit yearly. Artists happy.
When does the narrative shift?
Coming from someone potentially about to incur significant losses this year from canceled tours - now would be a *great* time to spend $5-10 on that new record you like.
Gutted for artists who have been planning new releases for the coming months.
If only musicians had something of value they could sell, a remote experience meticulously crafted to provide an hours worth of entertainment for a reasonable price. Almost like a book, or a movie, but with sound.
Black Mirror is always fun but the scary tech thing has run its course.
Time for some economic horror. Someone needs to capture tfw you book an Airbnb and realize the houses in the nice neighborhoods are rented by jobless heirs of ppl who paid peanuts for them in 1982
I can't tell if all of these things are incredibly early and I live under a rock (bc I've seen and heard close to none of these things irl) or an inflation of the impact of incredibly niche new york art scene subcultures, but leaning to the latter
Losing music journalism is devastating. No archive, no history, no scrutiny, no culture, just atemporal confusion. No past, no future, no progress, just things happening.
Old music industry: listeners dig through records to decide which artist to spend their money on
Streaming industry: artists dig through listeners to decide which demographic to spend their money on with targeted follow pleas
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I think we have created a way to make this work out well for everyone
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