Re:YouTube is working with Universal Music Group to remaster...
by cwkoss on Wednesday June 19, 2019 @04:08PM
(#20226838)
Interesting link, thanks for sharing.
I'm more inclined to think that streaming revenue will plateau around ~$10-13B. It makes sense that demand for streaming is a bit more than demand for CDs, because it allows cheaper monetization of the long tail and recurring revenue. However, I'd be surprised if the industry ever pushes over that $21.5B inflation-adjusted peak again though.
Rent-seeking music labels have done a good job determining the maximum amount that consumers are willing to pay for music. Now we as consumers should make an effort to ensure the maximum percentage of revenue reaches artist. UMG siphoning 85% of revenue is abhorrent.
I'm more inclined to think that streaming revenue will plateau around ~$10-13B. It makes sense that demand for streaming is a bit more than demand for CDs, because it allows cheaper monetization of the long tail and recurring revenue. However, I'd be surprised if the industry ever pushes over that $21.5B inflation-adjusted peak again though.
https://www.visualcapitalist.com/music-industry-sales/
Rent-seeking music labels have done a good job determining the maximum amount that consumers are willing to pay for music. Now we as consumers should make an effort to ensure the maximum percentage of revenue reaches artist. UMG siphoning 85% of revenue is abhorrent.