Consider Pandora and Spotify, the streaming music services that are becoming ever more integrated into our daily listening habits. My BMI royalty check arrived recently, reporting songwriting earnings from the first quarter of 2012, and I was glad to see that our music is being listened to via these services. Galaxie 500’s “Tugboat”, for example, was played 7,800 times on Pandora that quarter, for which its three songwriters were paid a collective total of 21 cents, or seven cents each. Spotify pays better: For the 5,960 times “Tugboat” was played there, Galaxie 500’s songwriters went collectively into triple digits: $1.05 (35 cents each).
To put this into perspective: Since we own our own recordings, by my calculation it would take songwriting royalties for roughly 312,000 plays on Pandora to earn us the profit of one— one— LP sale. (On Spotify, one LP is equivalent to 47,680 plays.)
So yeah, my new thing will start to blog about aspects of our new thing: streaming music services, collaboration, music rights, and how everyone wants them all to mix together (everyone except the record industry!).
If you use Spotify or Rdio, you may want to sign up for our closed alpha at Throwdown.FM
We will be opening it up in a couple weeks!!
I may have found my new mantra.
I’m making a playlist of Stripper Jams
Yeah I dunno. Figured its a start. What should I add?