
Panic Among the Streamers

The top 1% of musicians now make ~77% of revenue in music. Many factions of the independent musical infrastructure have become closer and closer aligned with corporate interests and advertising supported journalistic models in order to keep their head just slightly above water, and are in danger of losing their distinction and identity as a result.
Mat Dryhurst • SoundCrowd: Tokenizing & Collectivizing Soundcloud
This behaviour has been greatly exacerbated by the advent of a new and even more disruptive digital music technology: on-demand streaming. While iTunes was technically innovative, its business model was not.