How did concerts become so unaffordable?
The Big Story
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The Impact of Spotify on Musicians
Tours were maybe not traditionally the main, main source of income for musicians. Now what's happening is you have the labels who are kind of, it's a bit of a hoarding thing happening where they're charging Spotify massive massive amounts of money to basically license the music. And then Spotify is having to pay back a huge amount to them after they've licensed for those huge fees. After that, there's like a very small amount to pay the musicians,. It's also kind of like, oh, it's not a one time deal, but it's like you pay them up front and then every stream is like a pittance. That's because all that money is tied up in
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