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Offline clayop

Korean music market is so distorted. Can Music help?
« on: January 11, 2015, 04:04:11 AM »

I just read an article about the reality of Korean music market.
According to a Korean musician, when his music is downloaded for 50 cents (600 KRW), he gets only 1.5 cent (17 KRW), and other 97% of profit goes to music dealers. With regard to streaming he earns 0.6 cents per play. This is a crazy market.

Will Music help this artist? If so, I would like to promote Bitshares Music to Korean musicians.

Cob, can you reveal the specific profit ratios for downloading and streaming?
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Offline donkeypong

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Re: Korean music market is so distorted. Can Music help?
« Reply #1 on: January 11, 2015, 04:07:38 AM »
I'm sure it will help. Cob has said there will be a much better margin for musicians. As for details, you (and all of us) might need to wait, as these guys are trying to preserve the surprise so that it can grab some instant market share before it's copied elsewhere.

Offline joele

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Re: Korean music market is so distorted. Can Music help?
« Reply #2 on: January 11, 2015, 04:21:04 AM »
I hope Music DAC not only have a better technology but have a better marketing as well.

Offline kuwaitee

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Re: Korean music market is so distorted. Can Music help?
« Reply #3 on: January 11, 2015, 06:41:02 AM »
I just read an article about the reality of Korean music market.
According to a Korean musician, when his music is downloaded for 50 cents (600 KRW), he gets only 1.5 cent (17 KRW), and other 97% of profit goes to music dealers. With regard to streaming he earns 0.6 cents per play. This is a crazy market.

Will Music help this artist? If so, I would like to promote Bitshares Music to Korean musicians.

Cob, can you reveal the specific profit ratios for downloading and streaming?

I'm sure Music can help !!!! +5% +5%

Offline cob

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Re: Korean music market is so distorted. Can Music help?
« Reply #4 on: January 12, 2015, 01:55:05 AM »
I just read an article about the reality of Korean music market.
According to a Korean musician, when his music is downloaded for 50 cents (600 KRW), he gets only 1.5 cent (17 KRW), and other 97% of profit goes to music dealers. With regard to streaming he earns 0.6 cents per play. This is a crazy market.

Will Music help this artist? If so, I would like to promote Bitshares Music to Korean musicians.

Cob, can you reveal the specific profit ratios for downloading and streaming?

It's important to remember that sometimes (often!) the artist is splitting the income with many other people/entities. The writers, the publisher, etc.
So those numbers are scary indeed! But they might result from a really bad deal that artist got from his label. PeerTracks won't be able to help in that sense. The deal you have with your business partners is a deal, blockchain or not.

That all being said, putting your music up on PeerTracks will be much better for all parties involved.

The cut taken by this project will be tiny. Nothing compared to the numbers you read about. I don't have exact numbers since we do not have our exact costs of operation yet. Keep in mind there are ways to offset costs too.


I'll leave it at that for now. Stay tuned.
Anything said on these forums does not constitute an intent to create a legal obligation or contract between myself and anyone else.   These are merely my opinions and I reserve the right to change them at any time.

Offline xeroc

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Re: Korean music market is so distorted. Can Music help?
« Reply #5 on: January 12, 2015, 07:22:02 AM »
I'll leave it at that for now. Stay tuned.
Haha ... for sure ..  :P
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