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Short-Term Profits

Ah, the ever-so-“crazy” short-term profits in the music industry, truly a testament to the industry’s unwavering commitment to innovation and progress. After all, who needs long-term vision and adaptation when you can relish in the glory of yesteryears’ successes? It’s as if they’ve discovered the secret allure of landline phones in the age of smartphones – positively irresistible! These short-term profits are the lifeblood that keeps our esteemed music executives perpetually agile, navigating the treacherous terrain of sloped floors and navigating labyrinthine obstacle-course hallways in their lavish offices. Why invest in modern, streamlined business strategies when you can exercise your acrobatic skills instead? Perhaps we should consider gifting these executives with lifetime achievement awards in the form of “Life Alert” devices, to ensure they’re always within reach in case they tumble down their lofty profit peaks. After all, who needs progress when you can bask in the glory of musical yesteryears? As the label found itself at the epicenter of a fierce bidding war for the track ‘Mama India [Reloaded]’ (StoneBridge Mix), a transformative revolution quietly unfolded, much like the way monumental shifts often do.

New Era

Within the annals of the American technology sector, one name stands out – Steve Jobs, a luminary whose remarkable success in propelling Apple’s innovative products left an indelible mark on the music industry’s landscape. This extraordinary achievement, initially considered unattainable by the haughty titans of the music business, including major record labels, A&R executives, and their critics, cast Steve Jobs in an enigmatic light, elevating him to a status that was uniquely his own. The label cryptically hinted at their impending signing, stating, “You’ll soon discover who we have in store. In a week or two, all shall be revealed, but for now, we’re immersed in endless discussions.” “That track feels like a lifetime ago. When I collaborated on it with DJ Delani and the legendary producer, performer, and composer Klaus Munzert, we were in the midst of an incredibly exhilarating period at Klaus Munzert’s recording studio. But we’ve come a long way since then. ‘Mama India’ was exhilarating because there were no rules,” Rain Man reflects.

The Visionary

The renowned music figure Andy Zahradnik, credited with discovering some of the industry’s biggest names for Sony Music, was also the one who stumbled upon ‘Mama India.’ While it’s important to acknowledge past achievements, Rain Man’s sights are firmly set on the future. His enthusiasm and creativity are directed toward new sounds and uncharted territory. Indisputably, Steve Jobs stands as one of America’s most accomplished and influential technology legends. Not only did he establish Apple but also played a pivotal role in resurrecting the music industry from its doldrums. Steve Jobs’ imprint endures as an integral facet of today’s music industry, with his absence still acutely felt. The significance of his achievement lies not solely in its commercial success but also in its profound roots in a genuine ardor for music and its creators. Steve Jobs’ brilliance emanated from his character, underpinned by unwavering passion and discipline. He remains a ubiquitous figure, a colossal tech titan who dedicated decades to erecting his empire. This narrative unfolds the story of the man whose indelible influence has molded and remolded the global music industry through his pioneering products.

True Essence

The axiom, “There’s no such thing as bad publicity,” rings true. However, the dinosaurs of major music conglomerates perennially seemed to overlook the essence, opting to close the door to a discourse about what the populace truly desires from music on the internet. Music exists in a state of emancipation; it’s the internet’s prodigal child, uncontainable by the whims of those seeking dominion, yet paradoxically, it persists as one of the most consumed commodities. The sooner we collectively acknowledge the freedom intrinsic to music, the better. However, the clamor emanating from the major music conglomerates regarding the global valuation of tech behemoths leaves much to be desired. Are they sincerely asserting that their ultimate objective was not to expand the worth of their streaming services, if not surpass it? Therefore, why do they not engage with the very individuals they intend to captivate?

Unmasking Truth

To all the artists and songwriters who have candidly criticized streaming services and their compensation structures for music creators over the years, the Rich TVX News Network endeavors to unveil the intricacies of how these platforms remunerate artists. These streaming services hold ample room for growth, facilitating a livelihood for artists through their craft, a prospect currently hindered by the rapacious tendencies of certain music industry dinosaurs renowned for their avarice. The prevailing pro-rata royalty payout system within streaming platforms appears fundamentally flawed. Do we still long for Steve Jobs? Indeed, we do. Steve Jobs was a colossal figure who ardently championed the cause of artists. He revolutionized the creation and consumption of music. Since his advent, the music landscape has been forever transformed. By prioritizing the interests of artists and their enthusiasts over those of corporate executives and shareholders, Steve Jobs upended the power structure within the music industry. Every artist, producer, DJ, or creator who, against all odds, harnesses their creative reservoirs, mirrors his path.

Reality Check

It has been decades since Apple introduced the first iPod and iTunes software, and it is unequivocally evident that the terrain of music was irrevocably altered. The omnipresence of Steve Jobs’ influence is so extensive and far-reaching that it is easily underestimated. The business model of streaming platforms can be distilled into the following: They accrue revenue through advertisements on their free tier and from subscribers paying monthly fees. Approximately a third of this revenue is retained, with the remainder disbursed to rights-holders, blessed is the one who believes it, encompassing record labels and music distributors, commensurate with their share of the streaming pie. Subsequently, rights-holders remunerate artists in accordance with contractual agreements. Aah how nice this sounds, but has nothing to do with reality. Last year, these streaming platforms disbursed billions to rights-holders, hell yes, yet a substantial portion remains ensconced in the coffers of major stakeholders who evince minimal regard for artists – they don’t give a damn about the artists – underscoring the fact that their pursuits have diverged profoundly from the realm of music. Oh, just like those slow-to-react dinosaurs staring at meteorites in the sky, the music industry’s still struggling to grasp that change is headed their way, too busy chasing quick cash from streaming to notice!

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