From the Editor's Desk

The Music Industry Is Finally Scaring Spotify

The music business is booming again, thanks to streaming - and musicians are fighting for a bigger, better piece of the pie.

The music industry, at just about every level below the C-suite, has had enough.

The recording business is still haunted by its 2000s slump, which resulted from a rapid decrease in physical and digital unit sales as well as the fallout from multiple economic recessions. Yet it's largely recovered from those lows: The industry has been consistently profitable as a whole since 2014, thanks primarily to streaming and, in part, still-growing vinyl sales. But both artists and label staffers have time and again made clear that the industry's newfound wealth is not trickling down to most of them; unjust label deals and the complicated mechanics of streaming finances have excluded them from this economic turnaround. And, after experiencing decades of career precarity while falling back on a fragile safety net, receiving little to no government support, and facing relentless deprivation due to the pandemic-induced economic crash, musicians and music workers in all sectors of the industry have come to embrace collective action against the forces working against them.

Continued here

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