"...the ways in which musicians are screwed have changed qualitatively, from individualized swindles to systemic ones."
"The "Tugboat" 7" single, Galaxie 500's very first release, cost us $980.22 for 1,000 copies-- including shipping! (Naomi kept the receipts)-- or 98 cents each. I no longer remember what we sold them for, but obviously it was easy to turn at least a couple bucks' profit on each. Which means we earned more from every one of those 7"s we sold than from the song's recent 13,760 plays on Pandora and Spotify. Here's yet another way to look at it: Pressing 1,000 singles in 1988 gave us the earning potential of more than 13 million streams in 2012."Making Cents: Damon Krukowski of Galaxie 500 and Damon & Naomi breaks down the meager royalties currently being paid out to bands by streaming services and explains what the music business' headlong quest for capital means for artists today. [more inside]
Its writer refused to record it. Pat Boone almost killed it. Then it was resurrected as a B-side to an indie prestige project. Then it became an A-side in its own right, sold a half a million copies, and ended up being performed by its writer on the last ever episode of the Monkees. - "Song to the Siren's irresistible tang" by Martin Aston. [more inside]