The $10B Music Industry Problem & How Web3 Solves It | Nigel Eccles @ Vault | #198
The Milk Road Show
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Spotify and the Music Industry
The difference between today and 20 years ago is it's been so much more challenging to be a mid-tier artist. A lot of musicians will lose money on their tours. Miley Cyrus released flowers in January, that song has got 10 million streams. That made her about $35,000. If she instead had kept that rare and said you know what the only people are going to hear this is my top fans. We're actually saying don't put everything on Spotify. And I guess for us like we are saying something that goes against the grand music industry which is before everyone's like put it on the DSPs put it on Spotify.
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