this post was submitted on 02 Feb 2024
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Piracy: ꜱᴀɪʟ ᴛʜᴇ ʜɪɢʜ ꜱᴇᴀꜱ
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Assuming each of those tracks is about 3.5 min long, that's about 250 hours of music. Given your numbers they paid an average of 7 bucks per hour of music.
For context, 25 years ago a typical 45 minute album would fetch 15 bucks. And that's not accounting for inflation adjustment.
I'm sure that's totally sustainable for those artists...
One, this is just my favorites list, not every album I've listened to. And I've listened to my playlists on random quite a few times over the years.
Two, I don't listen to pop music, so the average is probably closer to 4-5 minutes per song. (About 362 hrs of music on the playlist, if you must know.)
Three, you can't just plug in a yearly rate, convert it to hours, and use it in any meaningful way.
Your first two paragraphs make the picture worse, not better.
As for your last, I'm not writing an economics thesis. It was a quick analysis to illustrate a problem no sane person disputes: streaming services have substantially driven down revenue for artists, to the point that for many it's genuinely impossible to create their art while making a living wage.
Is it better than piracy? Sure. At least the artists are getting something (well, unless you drop below Spotify's streaming cutoff, in which case you can get fucked). But it's still a shitty deal and gives consumers someone else to blame as artists slowly bleed out.