Let’s cancel Spotify’s Instafests--they're just another mockery of the artists the streamer declines to pay fairly. Spotify streaming livemusic
Spotify still remains the go-to and industry leader. And primarily, the way that Spotify continues to wrangle in and keep subscribers is through name recognition. In terms of audio streaming subscription platforms, they were the first in the door and remain the oldest game in town. This fact gives founder Daniel Ek the unique distinction as the Thomas Edison of devaluing music created by humans, as they were able to set streaming rates early without competitors raising questions for reform.
To put in perspective how lousy the payouts from Spotify truly are, take a world-famous, and appropriate, song-title “Got Your Money” by the late-great Ol’ Dirty Bastard . To date, that song has been played 128,870,885 times on Spotify. Pretty great numbers for a legendary song from a legendary artist, right? But given the rate that Spotify pays per-play—and with no knowledge of some deal brokered between the company and ODB’s estate—that means the song has earned a total of $425,273.
Although booking a unique festival for each individual subscriber would obviously be impossible, as we’ve discussed, Spotify has more than enough money in the bank to at least book a number of festivals all over the world each year, paying artists they book in the process. For comparison’s sake, Pitchfork, which is owned by Conde Nast, has pretty much pivoted into booking festivals globally as one of their main moneymaking hustles.
But who am I kidding? Rather than my dream that Spoitify would give back to the ecosystem it has aggressively fracked dry, if the platform were to do any sort of festival like this it would likely only cheapen the festival experience somehow.
To use one of my least favorite phrases of all time, if you enjoyed sending your own personalized festival flyer out, I’m really not trying to “yuck your yum” [shudders]. Discussion around these flyers were fun conversation-starters in most cases. Hell, my sister recently posted hers to Instagram and it included my bandnestled in between Björk, a Rilo Kiley reunion, and the reanimated corpse of Roy Orbison.
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