Article Link: Making Cents

January 2013

Internet, record labels, artistes


Damon Krukowski of Galaxie 500 and Damon & Naomi breaks down the meagre royalties currently being paid out to bands by streaming services and explains what the music business’ headlong quest for capital means for artists today: “Since we own our own recordings, by my calculation it would take songwriting royalties for roughly 312,000 plays on Pandora to earn us the profit of one–one— LP sale. (On Spotify, one LP is equivalent to 47,680 plays.) “, This is a fascinating expose and highlights Spotify’s dash for growth which benefits the shareholders in Spotify, but questions if musicians will ever benefit under business models divorced from music itself.

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