Your weekly guide to the music biz and how it all works. In this week’s episode of The Price of Music, Steve and Stu dip into the postbag and answer some very astute listeners’ questions which get to the heart of music streaming and live music!
Matt asks why ticket prices can vary so much at the same venue? And he has a good real-world example: Maximo Park and Suede are playing Cambridge Corn Exchange soon – and tickets for Maximo Park £36.50 and Suede’s are £45.50. If they both sell out, Suede will be making an extra £12,600 a night by his calculations. But does it really work like that? And why do the prices vary? Steve has dug in and found out.
Richard asks about the credits information for songs on Spotify – and he has noticed that there’s missing or incomplete information – so does this mean the songwriters don’t get paid properly? Where is all this information anyway? And how is this one of the music industry’s “big, big problems,” as Stu puts it?
AND: look out later this week because we've got a bonus episode on its way . We'll bring you an actual Lord: Steve will be joined by Lord Kevin Brennan, the ex-MP – and now member of the UK's House of Lords – who talks to Steve about his leadership of the UK parliament’s new fan-led review of live and electronic music, with the aim of improving the sustainability of grassroots live and electronic music to safeguard the success of the wider UK music industry.
As ever, we welcome your feedback, emails and – in particular – any questions you might have about how the music biz works!
Email us: thepriceofmusicpodcast@gmail.com
See you next week!
Steve and Stuart
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