Let's get real about streaming!
Okay streaming is here and very soon Joe + Jane Doe consumer will know all about it. The majority, as some predict, are honest and will subscribe to a service paying a minimal monthly fee. And they’ll love how cheap music is for them to get.
But who gets the money? Labels and songwriters are the beneficiaries of the royalties paid, but it hardly compares to revenue generated from sales. And what about Johnny and Jeannie who are the non-writing part of the band and get two points each from the group’s record deal? They are screwed!