The Problem

Problems in Traditional Music Industry

The traditional music industry is plagued by intermediaries, low artist payouts, and limited fan engagement. Streaming services retain the majority of profits, leaving artists with small percentages of revenue. Additionally, artists rely on platforms that control distribution and data, reducing their autonomy. Music production requires specialized knowledge and equipments.

Key issues:

• Limited Ownership and Control: Artists receive a fraction of streaming revenue.

• Fan Disconnect: Fans rarely have the opportunity to own or influence the music they love.

• Music Production: To produce music one needs to possess music production skills and access to recording equipment

• Listener Rewards: In the traditional music industry, music listeners often don't receive direct recognition or rewards for their support and engagement with artists.