Chase Koch: prediction

Transcript context

…In the world of music, are you happy with Spotify, or do you agree with the critics who think it sucked too much of the capital out of the sector? Oh, wow, that’s a good question. With Spotify, I think the consumer captures all the value. I love it as a platform. It knows me. It knows what I like, what kind of music I like. It feeds me. It’s very user-friendly, but the artist doesn’t capture any value. I play in a band. We’re only three or four years old, but the checks that we get for something like 5 million listens over time, I put myself in other bands’ shoes, that that is their living. It’s hard to reconcile the value creation relative to the value capture. What it’s causing the industry to do and artists to do is figure out new methods of monetizing their talent and their value. They’ve got to tour. They’ve got to sell merch. They’ve got to associate themselves with brands. It’s just a totally different model disrupted by these DSPs, for sure. As a boomer, I have the sense that from the years, say 1964 to 1973, music was very, very original. It changed every year. Often, you can tell what individual year a piece of music came from when you hear it. Now, I often hear pieces, and I don’t know if it came out yesterday or 20 years ago. Do you disagree with that impression?…

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