![]() And if you look at it today, and if you look at Artist Home, in its initial stages, it'll enable artists to manage their presence on TIDAL. It is effectively the first important and visible milestone towards this journey of, working directly with the artists in the spirit of helping them to make music. Sacerdote: Artist Home, for us, is very important and very symbolic, obviously, of the direction that we want to go. What it is that you want people to be able to do with that? Short answer is yes, we're thinking about that for a long time.īaltin: Let's talk about Artist Home and obviously that ties in with the music discovery. I went to a show and 24 hours later I had to spent $200 on records and stuff. But like that feeling, it happened to me with Tank And The Bangas recently. And so obviously we have to know that you went to a show and stuff like that. And so we're thinking a lot about like how do we get you 24 hours after you went to a festival or went to a show, to have a similar experience or like leverage that experience in the app. I still think that live festivals are probably the most exciting way and the most effective way to get to that feeling. We spend so much time figuring out how to encourage and enable really exciting discovery like that, like you just talked about, within the app. So Danielle Ponder had that.Īgustina Sacerdote: It's funny that you mentioned this because this is something that I talk to my team a lot all the time. It's finding those new artists that you get excited about the same way you did when you were 15 years old. Follow him on Twitter.Steve Baltin: For me, I still get off more than anything on the sense of music discovery. Jack Appleby is a columnist for AltPress. No matter your service, help out your favorite artists, plug in the earbuds and play your tunes 24/7, whether you're listening or not. This is the life-hack of streaming, especially now that Taylor Swift’s tirade against Apple forced the company to pay music rights holders during subscribers’ three month free trial. Take that listening consistency through a full year and send $1226.40 to bands of your choice-a hell of a lot more than they'd earn from a $10 iTunes album purchase. A 30-day month of 24-hour listening results in $100.80 of artist revenue, significantly more power than you'd expect from a $10 monthly subscription. Now that you're throwing $3.36 at bands daily, let's examine the long-term results. While Spotify eventually pulled Vulpeck's not-album, just dial down the volume on your favorite band overnight for a similar effect. The comically titled Sleepify earned about $20,000 from 5.4 million streams-not bad for no music. Los Angeles band Vulpeck took overnight listening a step further, releasing an album with no sound (so listeners could constantly stream it while they slept without interruption) specifically to earn those streams. Sure, you're sleeping a third of your day, but those eight hours (or $1.12) shouldn't go to waste just because you have class tomorrow. Of course, if you're going to maximize your band spending, that means round-the-clock listening. Throw a calculator at those figures and you'll arrive at $3.36 in per day spending power. Your 24-hour day divides into 1,440 minutes, or 480 songs per day. That means every three minutes, Spotify subscribers distribute $0.007 to the artist of their choosing. According to Mashable, the average pop song is three minutes long. Now, to see how far we can take our per song spending power. Seven-tenths of a cent is not some insignificant number realize that we're able to reward bands with that sum as many times as we can fit in a day. However, we, the subscribers, pay $10 per month for the right to listen to as many songs as we like, giving that $0.007 with each listen. We've already discussed the $0.007 per song stream, a fairly standard number across the streaming board ( unless you're Tidal, which has tanked epically since its star-studded announcement). Assuming that $0.007 per stream figure isn't changing anytime soon, all hope of increasing artist profits must come from the fans. Lucky for bands, subscribers wield a wallet of which they weren’t even aware. Artists take issue with their compensation per song–about $0.007 per stream–while subscribers compare monthly pricing models of Spotify, the upcoming Apple Music and the countless other options for unlimited access to the world´s music. ![]() These services all use a similar model: subscribers pay a flat monthly rate that offers them a full library of music for their unlimited listening pleasure. Debates regarding music streaming services always revolve around the same set of numbers.
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