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The question now is whether these pullouts start to snowball. And the latest to bail? That would be LA-based Prosthetic Records, which started quietly removing its catalog from Spotify
last week. "There [does] not appear to be an upside," Prosthetic co-owner EJ Johantgen flatly told the LA Weekly, while pointing to an income of "fractions of pennies."
That's a familiar theme, as is the type of label. Prosthetic is an extreme metal-focused indie, with artists like Lamb of God on its roster. That - curiously - follows pullouts from other metal labels Century Media and Metal Blade Records, all of which is bad news for fans of harder-edged music.
Perhaps there are reasons for that genre cluster, though this clearly isn't a metal thing - it's a money thing. And more and more, indies are growing unhappy with their paltry earnouts.
And, so are artists. The development bubbled to the surface right on the heels of a major Spotify statement, one prompted by a very telling financial analysis from band Uniform Media. Adding fuel to the fire are continued charges that major labels received sweetheart licensing deals - complete with upfront payments and even company percentages. Spotify denies those claims, though clearly, indies are skeptical.
Comments Closed
@st1ck3r Monday, September 19, 2011
Chris Seidensticker
Feels short-sighted by the indies...
@mediajorge Monday, September 19, 2011
Jorge
"There [does] not appear to be an upside..."
@JeffZakim Monday, September 19, 2011
Jeff Zakim
Wanna love Spotify, but not without my metal labels.
@othersongsmusic Monday, September 19, 2011
Other Songs Music Co
What if CDBaby pulled out? They are probably the biggest digital distributor of indies.
anon Monday, September 19, 2011
they all use the same lawyer.
NathanJE Monday, September 19, 2011
Spotify sucks for everyone, EXCEPT:
(1) Major Labels (big advances)
(2) Daniel Ek and other execs (big salaries)
(3) Elevation Partners and Bono and VC's (big sale $)
Everyone wants to cash out, sooner the better.
Chris Duncan Tuesday, September 20, 2011
We, and our labels, do pretty well out of it.
steveh Tuesday, September 20, 2011
The bottom line is that Spotify are liars.
Who on earth wants to entrust the "future of the music business: to liars?
@netzonfire Tuesday, September 20, 2011
Peter Balon
no money, no music.
CTYankee Tuesday, September 20, 2011
As long as they still have the Beatles...
oh, woops.
Ignacio Tuesday, September 20, 2011
Just wondering why someone like Merlin didn't negotiate better deals?
Visitor Tuesday, September 20, 2011
At iTunes, I know for a fact they receive roughly no more than 30% from the sale of my music.
Though I am not a Spotify artist anymore, how much does it receive from the sale of artist music? Where is the transparency?
They won't tell you because they are probably raking in at least 50% of already low-priced ad and subscription revenues.
/yv
www.myspace.com/yvesvilleneuve
Visitor Name Tuesday, September 20, 2011
all indies out! (my advice.)
and if for some reason CD sales have reached zero ground, then you indies dont have anything to lose. THEN you could consider re-joining Spotify and other streaming sites. amazonMP3, iTunes and emusic make some good money by selling paid single tracks (~US$0.50/song). that's good business for all. streaming sites (except for youtube) ruin the total sales imho.
having stated the above, i am a fan of rhapsody, napster, kazaa and zune. (but not of spotify or deezer)
Visitor Tuesday, September 20, 2011
The majors are not denying receiving preferred percentages of the rake.
Spotify can't be trusted.
/yv
JacksonL Tuesday, September 20, 2011
Don't think music matters?
OK: then, boycott Spotify and let's see how it goes! They have $100MM, use it for the real precious resource.
@FactoryWorkerCA Tuesday, September 20, 2011
Shane Lange
Do you think they saw a corresponding dip in sales?
Julian Tuesday, September 20, 2011
Cya spotify!
M. Tuesday, September 20, 2011
I hatethe word INDIE!
dhenn Tuesday, September 20, 2011
the music IS a business of pennies. wake the f up! royalties are set at .09 by congress.
@madktc Tuesday, September 20, 2011
Why doesn't Spotify just open their books and show us who/what is getting paid? If I knew it was monetarily beneficial to musicians/artists everywhere this argument would be over! Why not be transparent instead of all these non-disclosing press releases?
Spotify is a supplement to any artists master usage anyways. Lets just find out right now, rather than later, if they're helping or hurting the future of music.
Econ Thursday, September 22, 2011
When will the whiney artists open THEIR books?
Two-way street
All about you Saturday, September 24, 2011
"Oh what a tangled web we weave when first we set out to deceive" :)
@madktc Tuesday, September 20, 2011
Matt Downes
I'm calling for Spotify to be transparent in artist and label payouts.
Audiofool Wednesday, September 21, 2011
Why people always hating on Spotify?
I work with indie bands and many of them make more money from Spotify than they do download stores such as iTunes.
These labels pulling out are pissed they cant sell any music anymore (music consumption patterns have changed) so they go to Spotify and get disappointed because they cant get streams from their outdated marketing tactics - or they simply dont have enough listeren to get traction on streaming services.
If you have 500 old school loyal fans who used to buy your music who then go over to streaming you will not make that much money.
However, if you have good music and are web savvy and can cap 50,000 streams a month you WILL make good money via streaming.
steveh Wednesday, September 21, 2011
"However, if you have good music and are web savvy and can cap 50,000 streams a month you WILL make good money via streaming."
I guess you are an Audio Fool!!
50,000 streams at .2 US cents per stream is $100.
You read it:- ONE HUNDRED US DOLLARS.
Call that good money? 100 bucks a month??
How much rent is that going to pay? Do you have any salaries to pay at your "label"?
Did you do arithmetic at school?
Visitor Name Wednesday, September 21, 2011
I work with indie bands and many of them make more money from Spotify than they do download stores such as iTunes.
Wtf are you? Someone working for Spotify or what? You are a liar, no average indie band makes more money from S. than from selling single iTunes tracks! Just tell us who you are and give us 3 indie band names who work with you. I WILL CALL ALL FOUR OF YOU. International calls are free for me. The only one eligible to defend the Spotify f*cking system is the artist himself/herself. Obviously you're not a streaming artist but either some distributor, music manager, Spotify staff, or .. an internet troll. You bl*ody liar.
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