Hats off to The Washington Post for writing an excellent article into the new state of the music business with the article “The New Streaming World: How One Band is Trying to Make It in a Business Turned Upside Down.”
The article focuses on the band, The Orwells, who you likely never heard of but that’s sort of the point of the article.
If nothing else, here’s the key factoid: less than 1 percent of songs represent 86 percent of the music streamed, according to the market research company Nielsen. That means the remaining 99% of songs (and musicians) have to survive on 14% of what little income is left. The music business is wealth inequality on steroids, all driven by technology.