WHAT'S THE PROBLEM?
The music industry is in a terrific conundrum
Most artists cannot earn a living from their recordings, and live performing opportunities are increasingly rare. Streaming platforms like Spotify grovel about looking for new verticals like podcasts and advertising platforms in an effort to become profitable.
However, music industry revenues have risen dramatically for the past 8 years and are predicted to reach record new levels – more than triple from $23 Billion in 2020 to $80 Billion in 2030!
REVENUE
SO WHERE IS ALL OF THIS REVENUE COMING FROM?
BY THE
PERCENTAGES
Artists signed to large record labels forfeit ownership of their work to the labels, and the labels hoover up 60 to 70 cents of every dollar generated in the streaming world. Furthermore, streaming revenues are distributed on a prorated basis, favoring the most popular artists whose assets are owned by the Big 3: Sony, Warner, and Universal.
Independent artists, by contrast, retain their ownership, but without the promotional resources of a label they don't generate enough streams to create any significant revenue since a single stream earns only a micro-fraction of a penny.
The industry gets richer. The creators get poorer.
SLICE OF THE PIE
A different approach, our solution Pie™
Pie™ - a new way of conceiving, consuming, incentivizing, and sharing.
Each Pie™ is represented by a blockchain smart contract identifying all the stakeholders associated with it, and can be divided into any number of slices easily and reliably and brought to market in myriad ways in the rapidly evolving Web3.0 ecosystem. These slices represent tokenized shares of ownership in various aspects and revenue streams associated with the content. There can be ten slices or a million slices - the number is completely at the discretion of the artist who will have the ability to generate and profit from ongoing sales of each slice…