Streaming platform Matter to pay artists more than Spotify
For this streaming platform, artists Matter.
In terms of importance regarding songs, artists are literally crucial. Without them, there would be no music. Artists need food and other necessities to live and create music, which is why it is of upmost importance that they get paid.
Sadly, this is not happening on a wide enough scale, with 79& of song revenue not even going to the musical wizards who created it.
Shocking statistics show that a mere 12% of a total $43 billion streaming earning in 2018 went to the creators and that artists would need 336,842 streams per month to make minimum wage in the US.
For the Taylor Swift’s and the Drake’s this isn’t a problem, however for the majority this presents a financial crisis.
Who’s to blame? Greedy streaming platforms like Spotify are to blame.
However, a new streaming platform called Matter is in development which aims to create a new realm of possibility by providing tools for growth and fostering an environment where artists and their fans can thrive.
Stream- Listen to your favourite artists. Know that each stream pays out at a higher rate than other platforms (like Spotify). You’ll know where every cent goes.
Connect- Watch your favourite artists livestream and interact with them via live chat.
Shop- Support your favourite artists by buying access to exclusive content, merchandise and tickets. You can even tip to show some more love.
Matter’s lay-out is similar to Spotify’s, making it easy for new users to navigate and make the switch to a more sustainable platform.
Seeing as streaming giants Spotify, Google, Pandora and Amazon are trying to appeal songwriter royalty increase, it may be time to support a more just streaming service.
Although the Matter streaming platform is still in development, you can join the waitlist and explore the platform on their website.