The New Music Business with Ari Herstand

How Sub Pop Records Develops and Funds Artists

48 snips
Sep 18, 2024
Tony Kiewel, President of Sub Pop Records, shares insights from his extensive experience in the music industry. He discusses Sub Pop's investment strategies and how they develop artists at different stages of their careers. Kiewel highlights ORCA's mission to improve financial transparency and support for independent music. The conversation touches on the challenges indie labels face amidst streaming changes and the importance of cultivating unique talent over social media popularity. Get ready to explore the evolving landscape of artist development!
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INSIGHT

Industry Paradox

  • The music industry seems healthy overall, nearing 1999 revenue levels.
  • Yet, many artists and indie labels struggle, facing canceled tours and low income despite streams.
INSIGHT

Orca's Mission

  • Orca helps independent labels understand industry complexities like touring costs and streaming payouts.
  • It aims to improve the industry by informing research for better solutions.
ANECDOTE

AI Music Fraud

  • An AI music generating company reportedly siphoned millions from Spotify via streaming fraud.
  • Some listeners, misunderstanding streaming economics, thought this fraud targeted Spotify, not artists.
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