Epic, Spotify, and Tinder form advocacy group to push for app store changes

Re:Epic, Spotify, and Tinder form advocacy group to push for... by acruns on Thursday September 24, 2020 @11:43AM (#24579691)

Wouldn't that be the record companies though? I have heard Kanye is trying to get more money for artists but not really sure. I am puzzled why blockchain+streaming for music hasn't taken off. Artists would maintain rights and profits from what I can tell

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Re:Epic, Spotify, and Tinder form advocacy group to push for... by ticmasta on Thursday September 24, 2020 @11:51AM (#24579815)

Traditionally payment & accounting has never been a problem in the music business, so I think blockchain would not really help. The underlying economics is what has changed dramatically. Distribution is close to free, but unlike the ~ $1 an artist might have seen out of a CD sale (before discounting for costs & advances) they now see sub-cents on a single track. You used to pay $15-20 for an entire album to get 2 or 3 good songs; now you only stream everybody's top tracks and pay less than that a month. So the artist gets a couple of pennies for the period when they are hot, then nothing.

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Re:Epic, Spotify, and Tinder form advocacy group to push for... by rblatz on Thursday September 24, 2020 @11:52AM (#24579823)

Why would you put blockchain in this?

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Re:Epic, Spotify, and Tinder form advocacy group to push for... by damnyou on Thursday September 24, 2020 @12:01PM (#24579952)

For micropayments per stream, presumably.

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Re:Epic, Spotify, and Tinder form advocacy group to push for... by rmah on Thursday September 24, 2020 @03:32PM (#24582576)

Blockchain is not suitable for micropayments. The computing resource requirements are many orders of magnitude too high.

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Re:Epic, Spotify, and Tinder form advocacy group to push for... by damnyou on Thursday September 24, 2020 @04:40PM (#24583340)

A proof of work blockchain isn't suitable, but proof of work is one of many ways to reach distributed consensus.

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