Equity F*ck creator funds, we need a creator index fund
Feb 2, 2022
Amanda Silberling, a savvy TechCrunch reporter known for her insights into the creator economy, joins the hosts for a lively discussion. They dissect the troubling financial landscape for creators, questioning whether creator funds are merely superficial fixes. The conversation dives into the implications of Spotify’s controversies and the stark reality of revenue disparities. As traditional models falter, they explore innovative solutions to better support creators, while humorously debating the wild idea of returning to feudalism!
AI Snips
Chapters
Transcript
Episode notes
Spotify vs. Artists
- Spotify paid Joe Rogan $100 million for podcast exclusivity, prioritizing podcasts over music.
- This led to artists like Neil Young and Joni Mitchell leaving the platform due to Rogan's controversial content.
Platform Power vs. Artist Income
- Neil Young lost 60% of his streaming income after leaving Spotify, highlighting the platform's power.
- However, artists generally earn little from streaming, raising questions about platform viability.
Diversify Income Streams
- Creators should not rely solely on one platform for income, given the inherent power imbalance.
- Platforms prioritize their own financial gain, not necessarily the creator's best interests.