Given Paul's view on artists not getting paid from streaming services like Spotify and Tidal, does it make sense to start an Octave Record's streaming service?
I always liked Linn Records radio, but their interface is antiquated. Great idear Paul ! Ever listened to the french fip Radio ? Is great and a cool app. Graphics are so nice in app
I've said this before in the comments, but streamers stream-buyers buy, hi-fi geeks geek-most music nuts don't. As a record label my streaming revenue dwarfs the purchase revenue on all of of my releases, simply because 95% (for the sake of argument) of music lovers are not so obsessive about sound quality or simply can't afford the equipment to get the benefits of DSD (or even high res WAVs in my case) and just stream music these days - myself included. Those micropayments from across the globe (and it's poorer citizens) add up to a significant whole. I was chatting to the label manager at one of the UKs leading independent music distributors and he said that any label not allowing their music to be streamed is committing commercial suicide. As much as I love music and great quality sound, which I try to maximise within my pretty low budget and nomadic lifestyle, it's a crying shame that I'll never have the opportunity to listen to your artists and their music. For me streaming is not just about revenue but also accessibility.
Naim, Linn, Blue Coast, (Bowers in the Past), Peerless Audio (album by consignment),Presto, Naxos are just some of the same internet radio/storefront hybrids i have experienced BUT MY FAVOURITE remains Paradise Radio a listener supported whose Apps ranges on all devices stables. Amongst others Native DSD, Deutsche Gramophone, Single Mike recordings like to “do” PR releases on CZcams. In conclusion there is a plethora of models to “Octavate” (sic) your label’s presence and i would welcome any BUT i’ve had technical difficulty with data streaming DSD files that’s my bad though.
We are just at the end of a spike bought about by Covid. So lots of physical product has sold really well. Labels, in a good way feel the effects of this. What I would suggest is a staggered approach where there is a delay for streaming. So streaming might be 6 months, a year or similar behind the physical or exclusive product. Also, streaming is a low pay per listen service, but there are thousands of artists who you have never heard of who earn money from streaming. So in dance genres, the people who would have been in the top 20 or 30 artists in a scene would sell over 1500 vinyl units. Those same artists would now be the ones breaking the 1 million streams barrier. In rough terms that is £4000 uk pounds. Obviously with (is it 50k releases per day) many releases per day, the majority dont make money. This is however a discovery tool for artists. So I go back to my suggestion of a delay between exclusive release and spotify- even if that is 2 years! Tidal does some high quality stuff, so maybe they would only have a 1 year delay!
I think streaming services have ultimately devalued the effort that goes into creating music, for most non-musicians. Sure, some people will buy music after hearing it on streaming, but that is a tiny fraction of people. Everyone else has gotten accustomed to paying $10-$20 a month for endless listening. Some people don't pay anything, and just use the free tiers. This isn't creating a sustainable income source for the people creating the music. It's like constantly taking from a sample cart in front of a bakery, but never going inside to buy anything. The bakery goes out of business. Labels and distributors that evangelize streaming, are also usually playing to demographics which visit nightclubs, larger concert venues/festivals, and are influenced to buy 3rd party products through social media posts, etc. That's where they ultimately make the money, so for them, streaming is more like a marketing tool. Genres that don't fall in those demographics don't benefit that same way from giving away their music on streaming platforms.
When all our choices are commercially driven (like streaming a record and not buying it) it's easy to be surprised by how impoverished our lives can become. Streaming isn't just like listening to CDs without paying for them. In my experience it dramatically changes the way you listen to music and the relationship you have with your favourite artists and records. I'd be interested in all the DSD labels (Just Listen Records in the Netherlands is another of my favourites) getting together and starting a DSD streaming service, but it would have to be more like $50 a month rather than the $15 you pay for Tidal and Qobuz to be fair to the artists.
A guitar player friend of mine makes a really good living from the streaming of his records on spotify and amazon. Some kind of deal where he gets a nice cut per stream.
I still think you could sell more, if you could hear snippets of the music, like you could on iTunes in the beginning. To me the music is the most important, so to me it is hard to buy a record "just" because it might be a great recording.
THIS IS COMPLETE FALSE!!! Paul keeps trying to convince people that streaming services don't pay the artists and that is not true!!! All streaming services MUST PAY ARTISTS BY LAW!!! And streaming services do pay artists!!!
If you can try watching some of Rick Beato's videos on how much streaming actually pays out to artists big and small in his life long experience with the music industry and being a record producer. It may shock you quite substantially
@@Eric_DiRisio What do Led Zepplin, Dolly Parton, and Bob Marley have in common? They all made millions of dollars from their music even though they never got paid any money from their music being played on the radio in the 60s, 70s, 80s, and 90s. No artists ever got paid for their music to be plaid on the radio during this era yet they made millions of dollars! Ask yourself how did they do that, and can it be done today? The answer is absolutely yes. Streaming is only one source of an artist's potential for earning a living doing music.
@@JonAnderhub And don't forget touring. I don't know how much they get from concerts but how much do you pay for tickets to an event by your favorite artist?
@@JonAnderhub You should watch a documentary Irving Azoff helped make called Artifact sometime on a very famous band that sold over 5 million records worldwide 15 years ago and never made a single dollar for almost 10 years. I think you'd be quite shocked and learn allot about the music industry from it. Wether people like or know the very famous lead singer of this band or not
Oh goody, another "expert" in the music business. Enlighten us with your knowledge & wisdom . . . . . . While you're at it, why don't you come to my house & play on a track. I will pay you the entire Spotify royalty for your performance on the track for 2 yrs. 100% of it. On the high that royalty is - .004324 of 1 penny perk paid listen . . . . Yes, a person with a Spotify subscription. Those who choose to NOT pay for a subscription. We don't get paid for those listens . . . . . Though Spotify still make money from the commercials. Yeah, I know. We're RAKING it in. I hope to buy a pack of cigarettes in 2024 with my Spotify royalties.
It is a form of Publicity to incite buying!
I always liked Linn Records radio, but their interface is antiquated. Great idear Paul ! Ever listened to the french fip Radio ? Is great and a cool app. Graphics are so nice in app
I've said this before in the comments, but streamers stream-buyers buy, hi-fi geeks geek-most music nuts don't. As a record label my streaming revenue dwarfs the purchase revenue on all of of my releases, simply because 95% (for the sake of argument) of music lovers are not so obsessive about sound quality or simply can't afford the equipment to get the benefits of DSD (or even high res WAVs in my case) and just stream music these days - myself included. Those micropayments from across the globe (and it's poorer citizens) add up to a significant whole.
I was chatting to the label manager at one of the UKs leading independent music distributors and he said that any label not allowing their music to be streamed is committing commercial suicide. As much as I love music and great quality sound, which I try to maximise within my pretty low budget and nomadic lifestyle, it's a crying shame that I'll never have the opportunity to listen to your artists and their music.
For me streaming is not just about revenue but also accessibility.
Naim, Linn, Blue Coast, (Bowers in the Past), Peerless Audio (album by consignment),Presto, Naxos are just some of the same internet radio/storefront hybrids i have experienced BUT MY FAVOURITE remains Paradise Radio a listener supported whose Apps ranges on all devices stables. Amongst others Native DSD, Deutsche Gramophone, Single Mike recordings like to “do” PR releases on CZcams. In conclusion there is a plethora of models to “Octavate” (sic) your label’s presence and i would welcome any BUT i’ve had technical difficulty with data streaming DSD files that’s my bad though.
My go to channel on Alexa is Cincinnati jazz. An addition to that would be wonderful
We are just at the end of a spike bought about by Covid. So lots of physical product has sold really well. Labels, in a good way feel the effects of this. What I would suggest is a staggered approach where there is a delay for streaming. So streaming might be 6 months, a year or similar behind the physical or exclusive product. Also, streaming is a low pay per listen service, but there are thousands of artists who you have never heard of who earn money from streaming. So in dance genres, the people who would have been in the top 20 or 30 artists in a scene would sell over 1500 vinyl units. Those same artists would now be the ones breaking the 1 million streams barrier. In rough terms that is £4000 uk pounds. Obviously with (is it 50k releases per day) many releases per day, the majority dont make money. This is however a discovery tool for artists. So I go back to my suggestion of a delay between exclusive release and spotify- even if that is 2 years! Tidal does some high quality stuff, so maybe they would only have a 1 year delay!
Merry Christmas, Paul, to you and yours.
Thanks, Richard and same to you and yours.
I think streaming services have ultimately devalued the effort that goes into creating music, for most non-musicians. Sure, some people will buy music after hearing it on streaming, but that is a tiny fraction of people. Everyone else has gotten accustomed to paying $10-$20 a month for endless listening. Some people don't pay anything, and just use the free tiers. This isn't creating a sustainable income source for the people creating the music. It's like constantly taking from a sample cart in front of a bakery, but never going inside to buy anything. The bakery goes out of business.
Labels and distributors that evangelize streaming, are also usually playing to demographics which visit nightclubs, larger concert venues/festivals, and are influenced to buy 3rd party products through social media posts, etc. That's where they ultimately make the money, so for them, streaming is more like a marketing tool.
Genres that don't fall in those demographics don't benefit that same way from giving away their music on streaming platforms.
When all our choices are commercially driven (like streaming a record and not buying it) it's easy to be surprised by how impoverished our lives can become. Streaming isn't just like listening to CDs without paying for them. In my experience it dramatically changes the way you listen to music and the relationship you have with your favourite artists and records.
I'd be interested in all the DSD labels (Just Listen Records in the Netherlands is another of my favourites) getting together and starting a DSD streaming service, but it would have to be more like $50 a month rather than the $15 you pay for Tidal and Qobuz to be fair to the artists.
A guitar player friend of mine makes a really good living from the streaming of his records on spotify and amazon. Some kind of deal where he gets a nice cut per stream.
I still think you could sell more, if you could hear snippets of the music, like you could on iTunes in the beginning. To me the music is the most important, so to me it is hard to buy a record "just" because it might be a great recording.
I'd for sure be interested in an Octave Records radio station!
Yes, that would be so cool!
The price that artists get paid is set by the record label not the streaming services.
Perhaps with some but regardless of who controls the purse strings streaming services pay only pennies.
Jessica's latest video dates over one month....
I'll be interested after you release several thousand CDs
THIS IS COMPLETE FALSE!!!
Paul keeps trying to convince people that streaming services don't pay the artists and that is not true!!!
All streaming services MUST PAY ARTISTS BY LAW!!!
And streaming services do pay artists!!!
If you can try watching some of Rick Beato's videos on how much streaming actually pays out to artists big and small in his life long experience with the music industry and being a record producer. It may shock you quite substantially
@@Eric_DiRisio What do Led Zepplin, Dolly Parton, and Bob Marley have in common?
They all made millions of dollars from their music even though they never got paid any money from their music being played on the radio in the 60s, 70s, 80s, and 90s.
No artists ever got paid for their music to be plaid on the radio during this era yet they made millions of dollars!
Ask yourself how did they do that, and can it be done today?
The answer is absolutely yes.
Streaming is only one source of an artist's potential for earning a living doing music.
@@JonAnderhub And don't forget touring. I don't know how much they get from concerts but how much do you pay for tickets to an event by your favorite artist?
@@JonAnderhub You should watch a documentary Irving Azoff helped make called Artifact sometime on a very famous band that sold over 5 million records worldwide 15 years ago and never made a single dollar for almost 10 years. I think you'd be quite shocked and learn allot about the music industry from it. Wether people like or know the very famous lead singer of this band or not
Oh goody, another "expert" in the music business. Enlighten us with your knowledge & wisdom . . . . . .
While you're at it, why don't you come to my house & play on a track. I will pay you the entire Spotify royalty for your performance on the track for 2 yrs. 100% of it. On the high that royalty is - .004324 of 1 penny perk paid listen . . . . Yes, a person with a Spotify subscription. Those who choose to NOT pay for a subscription. We don't get paid for those listens . . . . . Though Spotify still make money from the commercials.
Yeah, I know. We're RAKING it in. I hope to buy a pack of cigarettes in 2024 with my Spotify royalties.
some octave releases are already on qobuz or tidal