Discussion about this post

User's avatar
James Hale's avatar

I can't wait for Duane Allman's first gig since 1971.

Expand full comment
Ole's avatar

How about micropayments? Cut out the middleman, pay directly to the artist everytime you listen to their music. This is already happening with podcasting 2.0 on Breez and other platforms. Much better model for the creator for multiple reasons. On Spotify you basically get paid once per user that listens to the song, even though they might listen to it every day the entire year. You need a lot of different people to listen to your song to make money. That doesn't make sense. With micropayments the artist is paid a little bit every time someone listens. For sure the amount will be small, but it will add up. If you have 1,000 true fans that listen to you a lot, and maybe each of them pay 1-2 $ per month, thats' 10-20,000$ per month in revenue. For 1000 monthly listeners. On Spotify that will not do much for your income. There are benefits foor the consumer as well. As a consumer you only support the arrtists you like, no part of what you pay goes to Kygo, Taylor Swift or Justin Bieber, as it most probably does now. If you listen to music less than normal for a month, you pay less. You pay only for what you consume. This could be a bright future for musicians if it comes around, and all that is missing is a great platform to do it on. The technology of micropayments exists and is ready to use with the Lightning network on Bitcoin.

Expand full comment
53 more comments...

No posts