Evidence receipt / evaluation
Published · transcript-backedBen Gilbert: evaluation
23 Jan 2022 Acquired Taylor Swift (Acquired’s Version)
“I think a lot of people know, in the music industry, streaming doesn't make the money, but things like touring do.”
Source trail
Everything needed to verify it.
- Speaker
- Ben Gilbert
- Attribution
- Verified speaker
- Claim type
- evaluation
- Recorded
- 23 Jan 2022
- Publisher
- Acquired
Transcript context
…Interesting. We have all heard this notion—streaming doesn't pay. Taylor's loud about it here. I think a lot of people know, in the music industry, streaming doesn't make the money, but things like touring do. Let's put some numbers around that, at least on Spotify and Spotify-like services. It's about 0.4¢ per stream, and then that 0.4¢ gets cut up between the label, rights organization, et cetera before the artists and so it's reasonable—this is a crazy thing—ballpark to say that a million streams can net about $4000 for the artist and their label in revenue. If you have a 10% royalty, that means as an artist, you make $400 for a million streams. That's so brutal.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.