Nobody Will Tell You the Ugly Reason Apple Acquired a Classical Music Label

Of the $40 billion in annual revenue earned by the music industry, only 12% is actually paid out to artists. The remainder goes to institutional middlemen like agents, platforms, and record labels, unfairly cheating creators out of the fruits of their labor. Moreover, fans, whose engagement almost entirely drives these revenue streams, are given no... See more

In other words, streaming is a lot more profitable for all the actual value creators after we bypass these technopolies.