Hot Topic: Streaming Models
Recently had the opportunity to speak at NY:LON Connect 2023 alongside Alison Wenham, Daniel Johansson and David Safir on how alternative streaming models could reshape the music industry.
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Panelist experts brought much welcomed debate as well as healthy acknowledgement in how SoundCloud is already reshaping said commercial bedrocks with a new model in the market for nearly 2 years.
“We’ve changed the incentives,” he continued, referring to SoundCloud’s fan-powered model. “Now all of a sudden, the value is fans, less so scale.”
We also touched on developments in staging a true fan economy, built on top of streaming engagement – specifically, why the foundational 'fan-powered' reset means so much more than just a remuneration model (full article link below).
The model needs to build a commercial opportunity on top of itself. If we’re only talking about [streaming royalties] remuneration, we’re literally short-changing our commercial ambitions for the business and for the artists.”