Tom Gray has believed for a long time that the music industry is broken. But when the pandemic hit, halting live music, Gray, a member of the British band Gomez, saw the time was right to start doing something to fix it."I just went to Twitter and ranted for about 10 or 12 tweets about the music industry and about how, ultimately, without live music, the problem at the centre of recorded music It 's worshipping be bare.
That tweet storm sallied forth. Grey celled phone his campaign, and The hearing over the past few months has equaled.
How the costs get broken down Streaming services have helped prop up the music business.
Before they came along, the industry had been decimated by piracy. Streaming returned some value to recorded music, which many fans had been downloading for free. Spotify alone said in 2019 it had made more than 10 billion euros in royalty payments since launching in 2008.
But streaming services, of which Spotify is the largest in Australia, have routinely been criticised for the fractions of a dollar they pay per stream. Widely quoted estimates put the range, depending on the service, at between$US0.00069 and$US0.019. At the higher end, you'd need about 120,000 streams a month to make minimum wage in Australia, and that's not including cuts to labels.
Spotify doesn't disclose how much it pays, and it varies depending on a range of metrics, including user location and what portion of plays are from subscribers. It declined to comment for this article.
Estimates from music publications Digital Music News and The Trichordist show a range of about $US0.003 and $US0.005 per stream — a third to a half of a cent.
