Two Views Of Spotify: Opportunity For Indie Artists vs. Major Labels Win Again
Hypebot readers, including several industry insiders, have been hotly debating Spotify's much heralded entry into the U.S. Few are debating the quality of the music streaming service, but some are question whether Spotfy is a great new opportunity for indie artists; or have the major labels - who own part of Spotify - co-opted the streaming music service and captured an unfair percentage of its revenue?
"Spotify is now becoming one of the biggest revenue streams for artists and from our experience, the artists who stream best on Spotify also sell more physical and digital sales," wrote Lee Parsons, the CEO of Ditto Music, a UK digital distributor that recently opened a U.S. office. "Musicians who can utilise all of these new tools will do well. Artists who fear change and complain about payouts, won't."
Then there was Brad Feldman's view: "Let's face it, majors are making almost all the streaming money. Then again, majors own a chunk of Spotify. It kind of sickens me the more I think about it."
"The new gatekeepers are just as worse as the old ones, only more openly arrogant," concluded Hypebot reader Ghostwriter.
What do you think? Read more and get involved in the discussion here.