boscy
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Post by boscy on Dec 5, 2020 13:40:49 GMT -5
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Au$tin
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Joined: August 2008
Posts: 54,493
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Post by Au$tin on Dec 7, 2020 2:35:18 GMT -5
Eh, I would count all of that as streaming anyway since the user still has to stream the content to consume the music/performance. It's also basically just synchronization royalties catching up to the 21st century, which have always been a great stream of revenue for the music industry, so getting the royalties from synchronization of memes and viral videos just seems like the next basic step in that trajectory.
Personally this seems like a "well, duh" moment to me. Ever since the rise of YouTube, this has seemed like a no-brainer. The one thing in the article I saw that I didn't know was that Facebook hadn't been paying royalties before 2018 and that's just ridiculous. Honestly given that fact, the rate at which the industry was able to start getting payment from TikTok seems quick af.
I can't ever see the performances on gaming services like Roblox and Twitch ever matching the revenue stream of actual touring, though. Now, sure, because of COVID, but when concerts are able to resume, people are going to be lining up for that experience before buying a ticket for a Minecraft concert. I honestly think that's more of a novelty thing that will lose its popularity and cool factor after it becomes more widely used and that revenue stream will dry up. It's a neat idea for now, but it just doesn't seem like a wise long term thing to invest in.
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Disco🌶️📖
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Joined: May 2005
Posts: 68,879
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Post by Disco🌶️📖 on Dec 7, 2020 5:30:17 GMT -5
A lot of DJs have been using Twitch to do virtual sets since nightclubs, festivals, and circuit/PnP parties can't happen right now. Unfortunately, there still is no way to monetize it so that artists can get royalties for music played on the platform. DJs are worried about copyright strikes for playing copyrighted content. If they have created a following and then their channel gets shut down, that's just not good. One cannot operate on there constantly worried about losing their channel. Mixcloud has already had a platform for giving artists royalties for sets and content shared on there and they recently started allowing DJs to do virtual streams from there. Most of the DJs on Twitch can only earn enough or even something by asking for tips and/or having people Venmo/Paypal it to them. Subscriptions also help but not much. Merchandise is the only other thing.
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