Musicians

Troy Warren for CNT #NFT In 2017, the music industry generated $43 billion in revenue, but only 12% went to artists. Music labels, publishers, and distributors tend to take the lion’s share. This inequity has been a long standing problem in the music industry, where the artists who create the actual content are rarely paid their fair share. On Spotify, the average payout to an artist per stream is $0.004 – almost nothing. Spotify also allows free streaming of music – of their 75 million subscribers worldwide, only 20 million actually pay for a premium account. Most digital streaming platforms…