The Death of Spotify: Why Streaming Is Minutes Away from Being Obsolete
3 hours ago
- #Streaming Services
- #Artist Rights
- #Music Industry
- Jimmy Iovine predicts the obsolescence of music streaming services like Spotify.
- Streaming platforms are criticized for their broken business model and lack of profitability.
- Major labels no longer control the means of music consumption, relying on tech giants instead.
- Music has become a commoditized utility, lacking differentiation among streaming services.
- Spotify's pro-rata payment system favors top artists, disadvantaging middle-class musicians.
- Artists are encouraged to build direct relationships with fans and focus on micro-communities.
- Alternative models like Medallion FM offer user-centric royalty payouts and artist-owned data.
- Physical music ownership is advocated as a sustainable alternative to streaming.