So after you've pumped out 6 singles a year, spent £100 a pop promoting those said singles, £50 mastering each single.. how much do these people think 98% of artists are making these days and can be sure of what they may take home every 2 months from these singles. At least with an LP you have a fixed cost and a revenue projection that can be worked out by price per copy.
They can go back to the olden model of no streaming as well.
We all have the freedom to do whatever; the issue is the consequences.
The question I think is more about if as a society we think it’s important for musicians to be able to make a decent living at their work and if so do we want to use our collective tools of law or government (or if someone gets lucky and innovates a better business model) to help that happen?
And if Spotify’s current business model is good or bad for our culture, if we believe that having musicians being able to make a decent living is important for our culture.
I think this depends on a great many factors. Do you mean possible for some musicians, everyone who wants to do music in some capacity, or somewhere in between? How do you define a decent living?
I'm reminded of the "No farms, no food" bumper-stickers I would sometimes see. While obviously true as written, it's subtlety different in practice and politics. Food comes from farms. Farms are needed. Yet this may not the same as all farms being needed, important, or significant to keep functioning. The person with that bumper sticker may not agree with the distinction I've drawn.
Music is absolutely critical to our ongoing cultural life. No musicians, no music. Yet... to what extent should a society with limited resources devote them to the promotion and enablement of musicians, bearing in mind that there are other uses for those resources? Even with an abundance mindset and in today's world of plenty, this key question does not go away.
We cannot support a million Beyonce's, a million Gaga's and millions of other musicians - we don't live in a Communist utopia.
Now as for Spotify - they are not a monopoly, in US they are neck and neck with Apple Music. So... Why should we intervene with heavy handed laws* - when there's still a fierce battle happening in the market?
Also - Let's not have the government decide how culture should progress.
* - laws are always conservative and change slowly
Spotify is not the same as Netflix etc, because Netflix etc is commissioning and promoting new work - something Spotify has no interest in.
So... you sell units, not streams. You buy a perpetual license to play a unit as many times as you want. The artist gets a royalty for the unit sale. This frontloads income around unit release, which encourages new creation, but units generate a perpetual royalty stream as part of the artist's back catalog, so artists are less likely to starve.
Preview streams are available for free as tasters. Or perhaps a full taster can be played X times before it has to be bought.
The player is tied to an app, but most music is now consumed on phones or in a web player, so DRM is irrelevant and there is no real loss of convenience.
This model worked (more or less) for decades.
The point is popular creators should be paid for full-time work. That's how you get the best work from artists.
And it's not as if the economy can't support this. Operating in any other way is entirely down to politics, not economics.
People always forget that storage and distribution of music is a relatively new concept and a new revenue channel for musicians. When did records become main stream? And how old is music? Technology gave artists a means to sell their work besides live performances. Technology also makes the market more efficient which leads to the costs being drive down. Physical media has been replaced with digital media. Physical stores replaced with digital marketplaces.
Without Spotify or other streaming services , piracy would be even more rampant with the ability of people to transfer 1000s of songs between other people in a matter of seconds. Only way to fight it is to lock down the devices which public doesn’t want and would require the government intervention.
Are you missing the multi-billion dollar infrastructure here, maybe?
Possibly not anymore since there was an investigation into what they did years ago, but they've probably just got better and hiding it:
https://www.musicbusinessworldwide.com/spotify-is-creating-i...
You have factor in piracy if the price is to high or the solution is inconvenient. The public has rejected DRM and songs are easily give away to their friends. Lastly, No one wants physical media.