Century Media Pulls All Labels From Spotify To 'Protect Artists' - hypebot

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EyeSeeSound

At last. Someone behind a label has cottoned on.

Is Spotify Just Another Nail In The Coffin?

Bob Trunk

Now, will artists stop getting fucked up the ass and take their music off streaming sites where they get little money, like Spotify and others?

Artists need to wake up.

Ghostwriter

I'm surprised it took actually this long, but people are finally waking up..

crashdavis

Meanwhile, Beggars says Spotify is one of their top three sources of digital revenue in the world. Who is right?

Bob Trunk

That's my point "crashdavis," only record companies are making any money off of streaming, mostly in the form of advances.

It's really sick.

Beggars saying that only reinforces that fact. Plus, most digital revenue comes from Apple. The rest of digital retailers are small players.

Alex

Yes. Kudos to Century Media.

Musik123

Not in Sweden....

" record companies are making any money off of streaming, mostly in the form of advances.": A normal label (not the old ones) will split all income to the artist. Just the same as CD-income and income from iTunes... No difference

Chris Duncan

Exactly.

The money generated from streaming is accounted by track, by release and by artist.

The amount of digital revenue generated from music has increased at extraordinary pace in Sweden, Norway, and Spain especially. This blows the cannibalisation argument out of the water.

Bas Grasmayer

I disagree with their vision, but it's good to see someone taking a different approach. Hope the sampler thing works for them and doesn't result in a loss of digital revenue. People might just not be interested in buying physical goods when digital is getting so good, and removing yourself from this ecosystem is a big risk. Takes some guts to make such a decision. Hope to see a follow-up on this a few months or a year from now.

And this: "the way it should be recorded"

Come on.

Chris Duncan

And has anyone suggested a re-brand to 20th Century Media? :)

Im always streamin

Yes the increase from free to $0.0035 is an extraordinary pace :)

Anthony McCourin

Is it me or all the comments to this article are from people suffering from severe delusions with regards to music industry and its "protection of artists"?

Hans

Spot on Bas. CDs? Even if would get them for free I would prefer a digital version of the album.

personal best

news flash: Century media has just announced they will cut their fees/percentage of bands income by 50% in order to help the bands make ends meet. NOT! Of course, now they have given bands reasons to sue for Fiduciary Negligence (in denying a revenue stream and eliminating exposure that would benifit the artist). whats next Century? Removing songs from the radio?

Personally better

Nar there's more money to be made in sueing the streamers for false advertising :)

Downloader

They have not stopped paid for digital downloads.

Downloader

What they mean when they are talking about recording is that you need alot of money to make high quality recordings. If your income is decreasing than you don't have as much to spend on recording the next songs. Thus the new recordings are not as good.

Catherine Hol

I don't think you can discount the cannibalization argument just yet. Streaming is in its infancy and a lot of people still buy music. Give it a few years though, and then what will we see?

As for 'digital revenue', it needs breaking down to provide meaningful information, as downloads will probably count for a big part of that.

Also, money generated by labels from multiple artists gives a misleading picture (if you're an artist). It would be good to see exactly how much individual bands and artists are receiving from Spotify, for however many plays.

Then perhaps we can decide whether it's worthwhile for artists. Can anyone point us to this information?

lilmikesf

To say streaming revenue is as good as purchases is not accurate. While artists' download revenues are fairly low (.05 - .15 cents a track), the money from streaming is a literal pittance (.025 to .01 cents per stream). It can take dozens of streams to equal the royalty revenue from a single download.

Vincent Wagner

Well, while streaming services like spotify are a great thing for endusers, artists face hard times when it comes to their pay. As already mentioned, the pay per stream is close to zero.

Providing samplers of their bands is the best they could do, by that their artists don't completely lose the chance of being discovered by potential fans.

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