Jim Shelley & Book Of Kills

Spotify Goes Public

If you're at all interested in how streaming companies such as Spotify and Apple Music work, you'll find an interesting article here by Forbes magazine about Kris Delmhorst (a relatively unknown, but certainly talented American singer) who has been profoundly influenced by the rise of streaming services. It's a fairly short article and provides a different take on the modern musician's financial dilemma. Not coincidentally, I should also note that Spotify, which some business pundits have valued at more than $8 billion, is sidestepping an initial public offering of stock with a direct listing, meaning the company itself won’t be selling any shares and will head straight to trading. As you probably know, especially if you've visited this site for any length of time, Spotify is the world's largest streaming corporation and also perhaps its stingiest when it comes to paying the artists who form the foundation of its business model. Three years ago, a report published by Audiam (a music reproduction rights organization) found that as Spotify’s revenues have gone up, artists and label royalties have declined.

The great Marvin Gaye was born on this day in 1939. He was shot dead by his father in 1984.

"I hope to refine music, study it, try to find some area that I can unlock. I don't quite know how to explain it but it's there. These can't be the only notes in the world, there's got to be other notes some place, in some dimension, between the cracks on the piano keys." -- Marvin Gaye (I've often felt the same way. It's frustrating to think that what we have is all we'll ever have. Somehow there has to be more, right?)