REBUILDING THE MUSIC INDUSTRY
ONE SLICE AT A TIME
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 increasing 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!
SO WHERE IS ALL OF THIS REVENUE COMING FROM?
Artists with record label deals 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. That's where the revenue is going. And to be accurate, those pro-rated dollars favor the most popular artists, in particular those whose assets are owned by the Big 3: Sony, Warner, and Universal.
Independent artists 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.
Because Pie™ is represented by a blockchain smart contract that defines all the stakeholders associated with it, it can be divided into any number of slices easily and reliably. These slices represent tokenized shares of ownership in the content. There can be ten slices or ten million slices - the number is completely at the discretion of the artist who has the ability to generate and value them...
It's In The Numbers
Top Artists Billing
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