Keep in mind that the above is from the consumer's point of view. There's a whole different set of pros and cons when it comes to the artist and songwriter, but it mostly stems around the fact that the royalty rate is so low. Keep in mind that if the number of paying subscribers raises by the factor of 6 as predicted, so will the revenue streams to artists.
It's probably not possible to get a higher royalty rate from streaming services in that few of them make money as is due to the already high cost of the content. That said, the tiny royalties won't be so small with a lot more subscribers on board.
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4 comments:
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Nice article.Sarantos
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