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The Music Industry’s Downfall with Austin Hurwitz, SVP of Web3 & Community of Venice Music | Overpriced JPEGs #49

The Carly P Reilly Show

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The Economic Risk Calculation for Labels Should Be Changing

The economic risk calculation for these labels needs to be changing, because you can have artists who are proving themselves on other platforms. So before, where are labels coming in and they're taking a chance on all these artists nd don't know if they're goin to succeed or not? If you're an artist who has now, whatever, ten million followers on ti ak, that is a significantly less risky bet for a label to be taking. The one like caution to the wind, i would say, is it still very small. And ultimately, what we try to preach is that there is a balance between web two and web three. It's very challenging if you're commercially successful in

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