Here’s some ridiculous news for musicians/listeners/executives who think streaming services are the wave of the future: It was announced this week, along with protest by artists over their compensation for streaming sites, that Lady Gaga made only $167 from over a million streams of one of her songs over a five month period last year. That’s $.000167 per stream. Think of the profits!
The thing this news makes clear is that streaming services are going to need some restructuring before they go mainstream. Including re-organized contract discussion with artists because that dollar amount is ridiculous. [Daily Swarm]