We all know the music industry isn’t in a good place right now. Sales are down and artist are not happy. So it made me think? Why don’t the Big 3 (Universal, Warner & Sony) just come together and make their own streaming service with all their music, instead of sharing profits with Spotify and Apple Music? I don’t get it.

Film/TV industries have their own dedicated services like Netflix, HBO Max, Disney+, etc. They don’t have a middle man taking a cut like Cable. Obviously, the Big 3 would need to come together to make this happen. Having 1 music service strictly for just 1 of them is a bad idea.

I just think Spotify & Apple are benefitting from this way more than the labels. And with Spotify paying HUGE amounts to the likes of Joe Rogan 😒. It’s kind of a slap in the face of the industry that MADE them this big. Like why is the Talk Tuah podcast getting just as big of bags as the labels & Artist? I know Jay Z tried his own service ran strictly by the artist called Tidal like 10 years ago, but he couldn’t get enough big artist to invest into it long term.

Can someone PLEASE explain to me why the Music Industry allows this?

  • macattack@lemmy.world
    1·
    2 months ago

    IIRC, the music industry was in decline long before Spotify was made. The transition period before Spotify was just illegally downloading everything through Limewire/Kazaa/Napster etc.

    Also, the reason podcasts make money is because they can produce something that brings audiences in on a weekly basis. The music industry OTOH has artists that make an album a year or less. It’s not as sustainable and it’s harder to sell ads against.

    I don’t think more segmentation is a wanted solution by consumers either. Consumers would much rather use one app for all platforms than have to buy a different streaming service every time they want to listen to a new album.

  • SanguinePar@lemmy.world
    0·
    2 months ago

    Why don’t the Big 3 (Universal, Warner & Sony) just come together and make their own streaming service with all their music,

    Careful what you wish for. It’s long been a concern of mine that we’ll see a fragmentation of the music streaming market, with the same results as in TV.

    You know how one show you like is on Disney+ and one is on Netflix and two are on Amazon, and one is on Paramount and so on…? Result is you either miss shows or pay a fortune.

    Imagine that with your favourite bands, except you need a Warner subscription to listen to one band, a Sony one to listen to another, etc.

    It’s bad enough with some things not being on one music service while they are on another one, or with songs being there and then gone and then back again for utterly opaque reasons. If the labels get the idea that they can cut out the middle man and gate off their artists from any service but their own, it’ll be awful.