Music Ally Focus

The biggest questions that music streaming platforms face in 2024 – Music Ally's Head of Insight, Stuart Dredge, answers them.

Mar 25, 2024

Stuart Dredge, Music Ally's Head of Insight, discusses the future of music streaming platforms in 2024. Topics include artist-centric payment systems, subscription price changes, and the industry's needs for marketing. Dive into the evolving landscape of DSPs and the upcoming changes this year.

37:47

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Episode guests

Stuart Dredge

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Shift towards artist-centric payment systems to ensure fair distribution of royalties.

Exploration of subscription price increases and premium tiers for fan engagement pose sustainability challenges.

Deep dives

Transition to Artist-Centric Payment Systems

A significant shift in the music streaming economy towards artist-centric payment systems has emerged. This change stemmed from realizing the broken model's inadequacy and major labels like Universal championing reform. With a focus on separating noise content, reducing fraud, and directing royalties to professional emerging artists, platforms aim for fairer distribution. Despite efforts by platforms like Spotify to reroute substantial revenue towards artists, debate continues on the impact of these changes.

Introduction

4min

Evolving the Music Streaming Model for Artist Empowerment

15min

Exploring Price Strategies and Customer Behavior on Music Streaming Platforms

2min

Superfan Tiers in Music Streaming Services

10min

Exploring Challenges and Opportunities in Music Streaming Platforms

3min

Navigating Artist Pressures and Streaming Service Features

4min

Ep. 147: Stuart Dredge, Music Ally’s Head of Insight, joins Editor Joe Sparrow to answer some of the biggest and most complex questions in the DSP space in 2024.

This podcast is aligned with Music Ally’s new quarterly report and the Big Questions they chat about include:

• Who are the winners and losers from artist-centric payment systems – and will creators and labels be satisfied?
• How often and by how much should subscription prices change – and are we now in an era of incremental increases?
• What are the industry’s needs (or demands) around marketing from DSPs – and will a bold platform finally go all-in on fan communities?

So if you need to quickly get up to speed with the issues that DSPs are facing and the changes that are coming this year, it’s the most informative way to spend the next 30 minutes!

Music Ally’s Quarterly Reports: https://musically.com/category/reports/

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