🌟Problem Statement
In the current landscape of the music industry, several pressing issues plague artists and content creators within the realm of streaming platforms. Foremost among these challenges is the recurrent accusation that major streaming music companies, including YouTube/Google, Spotify, SoundCloud, and Apple, engage in unfair treatment of artists through opaque contract structures and insufficient payouts. This lack of transparency not only fosters a climate of mistrust but also exacerbates problems related to timely and equitable compensation, as the intricate network of intermediaries causes significant delays in payouts to artists and content creators. Furthermore, the censorship of derivative content, such as remixes and covers, due to licensing and rights complications adds an additional layer of frustration for creators seeking to express themselves within the constraints of existing platforms.
Moreover, a pervasive lack of overall transparency and inconsistent information flow hinders content creators from receiving rightful compensation for their work. Earnings often accumulate within Digital Service Providers (DSPs), remaining untapped or subject to recoupment with additional costs deducted from the artist's shares. The unfair advantages accorded to 'popular playlists' driven by influential labels present an ongoing challenge, as these playlists often favor mainstream artists and songs, leaving emerging talents struggling for visibility. In addition, the persistence of overly complicated publishing and licensing problems, coupled with a lack of accessibility, further obstructs the seamless flow of content on platforms like Audify, hindering the growth and recognition of diverse artists.
Last updated