The silent collapse of Indie Music !

Art has been made a bait for Telecom & Tech

The music industry faces a grim reality: 80% of artists have seen their revenue and visibility destroyed by the rise of streaming platforms. These platforms boast extensive libraries with millions of songs, yet only 20% of the content comes from major record labels. The remaining 80% is the creation of independent artists and emerging talents.

Despite their contribution, independent artists are used merely as bait. Streaming services prioritize visibility and revenue for major label artists, ensuring they dominate recommendations, playlists, and promotions. Meanwhile, independent creators receive crumbs—a revenue share so meager it doesn't even cover their basic costs, let alone their livelihoods.

To put it bluntly, a beggar may earn more in a day than many independent artists earn from streaming. The so-called "democratization" of music has instead created a digital monopoly where the few thrive while the majority struggle to survive.

Full Article on L1.