Worth Knowing: creators to see more money from Spotify?
October 19, 2020
Daniel Ek says creators will see more money from Spotify streams while a petition against the current state of streaming revenue gains pace in the UK. Plus, are fan shares the next step in Stanning? And how even the Beatles struggled with songwriting, sometimes
Daniel Ek says creators will see more money from Spotify streams while a petition against the current state of streaming revenue gains pace in the UK. Plus, are fan shares the next step in Stanning? And how even the Beatles struggled with songwriting, sometimes.
Daniel Ek says creators will see more money from Spotify streams
Spotify’s Daniel Ek has previously said that he wants to achieve a million creators making a living from their work. Ek has now revealed in a public Zoom conference that Spotify is “evolving” to become a more “creator-centric” platform over the next decade, meaning hopefully, greater chances at more revenue for artists.
Streaming petition launched in UK
Meanwhile, in the UK a petition to #fixstreaming is gaining pace. Organizers state: “Given the amount of money generated by the streaming of music, songwriters, composers and performers shouldn’t have to rely on Government support, and shouldn’t be struggling to survive.”
Fans to buy shares in BTS?
The company behind mega K-Pop band BTS, Big Hit Entertainment, is floating as a public company on the stock market in early October – and predicting that fans of the band will be in the queue to buy shares, which are predicted to be priced at a hefty $115 each. Is owning a share in the band the next step in Stanning? If you have time, check out this article on how the band and it's fans might transform the music industry entirely.
Trump TikTok ban temporarily stalled
Some good news for TikTok users, a judge has temporarily blocked Trump’s attempt to stop US users downloading the app. It’s not quite over yet though... Here’s a good summary on just what is going on.
UK live music to return next April?
In the UK, live music at all levels has been financially paralysed due to Covid-19, leading the Musicians Union to ask for more government support.
This week, Stuart Galbraith, Concert Promoters Association vice-chair, has said that he sees the target date for the return of live gigs as April 8, 2021.
Given that we know very little about what the status of Covid-19 will be in the world in April 2021, it seems a random date, but as conductor Mark Wrigglesworth writes in the UK’s Guardian this week, the live experience is something unlike anything else.
We’re keeping our hopes up that everyone will be able to return to live performance as soon as safely possible.
Even the Beatles got it wrong, sometimes
If you’re at a loose end with songwriting, take heart that even the greats got it wrong sometimes.
As part of a celebration of what would have been John Lennon’s 80th birthday, Paul McCartney was interviewed for a radio show and was asked if they ever wrote any duds.
“There were a few songs that weren’t very good,” he answered. “There were a few that were clearly [by] young songwriters who don’t quite know how to do it.” Take heart budding songwriters!