"There are more avenues today than I have ever seen in my time doing this job." - Jason Iley, chairman and chief executive of Sony Music UK and Ireland
Like a number of comments made by record industry people about this, that may be factually correct, but it's missing the point. There definitely are more avenues than before. But almost none of them pay any money.
Streaming has removed most small bands' way of making money, by selling CDs directly to their fans. Most of them will just stream it, and won't realise the tiny amount of revenue this generates for the artists. Paying the artists you actually listen to - rather than slicing the cake up into infinitely small slices - needs to be looked at. Most people assume their money goes to who they listen to, not the artists who everyone listens to the most.
Like a number of comments made by record industry people about this, that may be factually correct, but it's missing the point. There definitely are more avenues than before. But almost none of them pay any money.
Streaming has removed most small bands' way of making money, by selling CDs directly to their fans. Most of them will just stream it, and won't realise the tiny amount of revenue this generates for the artists. Paying the artists you actually listen to - rather than slicing the cake up into infinitely small slices - needs to be looked at. Most people assume their money goes to who they listen to, not the artists who everyone listens to the most.