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Streaming is cable now | Seventeen years after Netflix and Hulu kicked off a streaming revolution, it’s looking more like cable than ever. (www.theverge.com)

submitted 6 months ago by Dankry@lemmy.world to c/technology@lemmy.world

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[–] abhibeckert@lemmy.world 1 points 6 months ago* (last edited 6 months ago)

Spotify pays more to artists than physical stores selling CDs ever did. And they certainly pay better than FM radio.

Sure - if you were one of he top 1000 artists in the world the old system paid more... but it's not like those artists are starving now — Spotify alone pays millions per year to the top thousand artists, and they also get paid by YouTube, Apple, TikTok, etc etc.

The real way to make money in the music industry is and always has been live performances. A solo artist can make a couple hundred bucks a night doing simple cover songs, and a popular band can make a lot more.