He turned down a $15K deal for 50% ownership of one of his songs and instead, made upwards of $700K revenue independently.īut beware of the cash grabs… Fans were furious at the Korean boy band BTS for announcing NFT plans - selling digital pictures of band members as collectibles. 3LAU), 84% of his music income comes from streaming - with intermediaries taking large cuts. Popular DJ Steve Aoki said live gigs made up ~95% of his music income.Īccording to another famous DJ Justin Blau (a.k.a.Only 13,400 (0.17%) of artists on Spotify made over $50K a year.In 2017, artists made just 12% of the $43B music industry - mostly from touring. Payments are slow, and publishing rights are complex - per Stratmont Brothers. There is a lack of transparency around artist payments in the music industry. Primer: What are non-fungible tokens (NFTs)? Giving power (and money) back to artists using NFTs So far, NFTs have mostly centered around art and gaming - but here’s how tech is disrupting an industry dominated by streaming platforms and record labels… While her career ascends, so would your investment value - with royalties to be collected. They think we're the uncivilized ones.Imagine being able to invest in one of Taylor Swift’s first hits as an NFT. So, what else is going to go wrong over there? Ryan asked.Īnd that's the problem, Adler reminded them all. Ellen he called loudly enough to get through the door. The President knows, because he's the President, right? Then I become President, and I don't know a damned thing more than I knew the month before, but everybody out there-Ryan waved his arm at the window-thinks I'm fucking omniscient. So, I translated the battle with the Helvetii and slept that night. But I still had to translate half a page of Caesar's goddamned Gallic Wars, and I saw the President on TV, and I figured things were okay, because he was the President of the United Goddamned States, and he-had to know what was really going on. I remember wondering if the world was going to blow up. Robby, back when I was in high school, I remember the Cuban Missile Crisis. He still had more work of his own to do in China. Things will quiet down if the other side has half a brain, Adler said hopefully.ĭo they? Robby Jackson asked, just before Arnie van Damm could. Not to their people, especially, but sure as hell to the guys who make the decisions. The only way to get them back in touch will involve some pain.
They're just out of touch with the rest of the world. Ryan figured it was his background as a fighter pilot to be first in things. I see trouble, Jackson said, before anyone else could. I've discussed the take from SORGE with some of my I and R people-always as my own theoretical musings There was amusement around the coffee table at that one. That's the fundamental problem dealing with them-Īround the coffee table, there were the usual half-humorous snorts that accompany an observation that is neither especially funny nor readily escapable. But do they see things in the same way that we do? No, they do not. Sir, that's not a question with an easy answer. Okay, I am not omniscient, and I'm not perfect, POTUS admitted crossly after the second puff. It's quite a disappointment to learn what things are really like. You know, out in the fleet we used to think-well, we used to hope-that decisions made in this room here were based on solid data. I just can't forget the motto of the whole intelligence community: 'We bet your life.' It's lonely out there with a fighter plane strapped to your back, risking your life on the basis of a piece of paper with somebody's opinion typed on it, when you never know the guy it's from or the data it's based on.
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