Artist ownership is the way to fix Spotify’s broken streaming model (guest column)
Posted on: 1 septembre 2020, by : Music Ally

Collective artist ownership is the only way to fix Spotify.
If artists can collectively own platforms like Spotify, we can address the underlying problem that drives their incentives and decision making. As a for-profit, publicly traded corporation, Spotify has no responsibility to artists. Their only binding fiduciary responsibility is to seek profit and to increase shareholder value.
This dynamic inherently misaligns shareholder interests with artist interests. It’s why Spotify internally refers to payouts to artists as “content costs” or “costs of revenue.”
To address this, we should assert collective pressure against Spotify to create a trust of artist ownership. In order for Spotify to begin to serve artists interests in any meaningful way, artists must collectively become a powerful shareholding bloc.
The post Artist ownership is the way to fix Spotify’s broken streaming model (guest column) appeared first on Music Ally.
Source: Music ally

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