Rapper and business mogul Jay-Z has an old idea that he’d like to try out on the new music business. Prior to the official announcement of his acquisition of the Swedish streaming music service Aspiro, the magnate held a giant pow-wow with some of the movers and shakers of the music business during Grammy week in February.
Both artists and their loyal listeners have expressed disdain about artist payouts (or lack thereof) - but why are streaming services like Spotify, who are seemingly so successful, paying the artists that attract listeners so little? Jack Stratton tries to calculate an answer.
The Fair Trade Music Initiative is on a mission to foster a sustainable music ecosystem by giving fans an uninterrupted listening experience that fairly compensates artists through Mad Genius Radio.
Pandora shares rose as much a 11% Friday on rumors that the company was in sale talks. The only evidence was a series of unsubstantiated tweets, but that was enough to send the battered stock upwards. Pandora closed the week up 7.24% at $16.44.
According to professor Aram Sinnreich, author of the 2013 book The Piracy Crusade: How the Music Industry’s War on Sharing Destroys Markets and Erodes Civil Liberties, college students have changed significantly in their music listening habits and overall musical tastes over the last decade, in part due to market forces and technological innovations.