Jimmy Iovine Says "Streaming Services Aren't Making Any Money''

Tribal Outkast

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I just don’t see how streaming will last. Maybe there will be two services at the end of the day but man I don’t see all these guys surviving. shyt gets old man with the Spotify/Apple/Tidal exclusives and shyt.. it’s ridiculous out here
 

NoChillJones

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Of course they make mobey...what he means is they dont make enough money to satisfy his appetite...but he is a billionaire....
 

KushSkywalker

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Carrying this shyt in your pocket :wow:

1200px-Discman_D121.jpg
My jeans were so baggy you couldn't even see this shyt either :wow:
 

kingjones29

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It still is. Like he said Amazon, Apple, and Google make so much doing other shyt they can afford for streaming to be a loss leader for them (and I doubt they're really losing money they're probably just not making the boatloads the cd sales were making in the 90's-early 2000's)
It make sense cds were 12 dollar a cd streaming service is 10 dollars a month for all songs so you made more money during the cd era
 

Ellen Degeneres

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You can tell what his problem is - the execs are telling him to bring home the big money and all he has to show for it is flopping Apple Music. They sunk a ton of money into Apple Music and they aren't anywhere near market domination like Apple used to be when they chose a market. When they took in him and Dre there were huge hopes they would be the golden cow for Apple and they didn't do shyt, even market share wise. So if anything, Jimmy himself is the one not making money. He wants to load up on free cash like he used to in the good old Interscope days and trying to take down the streaming market with him is the next best option for him.
 

TheDarceKnight

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. The unfortunate thing is that you can already see how consumers will lose out, in terms of album or even artist exclusives. A future where corporations purchase exclusive rights to music catalogs is not a future I want, but we're trending that way. If I had to bet I'd say U2 will be an Apple exclusive in the near future.

We are sort of there now. Or close to it. If you want any of Jay's best albums, you need to be on Tidal. Last I checked RD, BP, and TBA were all only on Tidal.

I see things trending this way too. Hopefully it will just be a thing for major artists.

It's funny because I'm still willing to pay for physical releases if I really support something. I'm gonna support Stones Throw and cop that new Madlib and Freddie Gibbs album on vinyl. And I pre-ordered that new Evidence album on vinyl through Rhymesayers.

There's obviously a lot of major label stuff I support as well, and ultimately I guess if a Jay album drops exclusively on Tidal in the future, then I'm gonna re-up my Tidal to make sure I hear it.

So they got me, I guess.

:yeshrug:
 

TheDarceKnight

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it damn sure ain't giving artists any money, they making pennies on the dollar for streaming so for them it's terrible
Big Pooh from Little Brother was on Sway's Universe for his new project last year, and he said off of 80,000 streams he made something like a few hundred bucks.

:mjcry:
 
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lol stop lyin jimmy

The industry went from bootleggers dominating their shyt to millions of people actually paying for music again.

The young generation only knows Apple music, tidal and spotify

when bootlegging was at his its high, artist were getting multi million dollar budgets, rappers were selling 10 million albums

eminem was the most bootlegged album and he still sold the most

the real reason music isn't selling is because for one it is trash, and for two streaming is a terrible business model and has devalued the music

before buying an album was like buying a piece of art, it was something to collect, streaming is just to easy and accessible, it devalues the product

streaming is better for the artist, only because they were getting fukked by the label, but as a music company streaming eliminates their purpose to be honest, artist don't need distribution which they controlled with an iron fist.

There's literally no reason for anyone to sign to a record label who has a legit following, thats how you know all these artist are plants anyway
nobody is going to go from being successful doing it on their own to signing to someone in this day and age, it makes zero sense.

Artist like Kodak Black can get endorsements because his label is apart of the conglomerate and they just look at as cross collateralization

like the the jew said, streaming is just a tool to sell physical items like phones and tablets lmao

you're not gonna make bank off of views or plays unless you have high hundreds of millions, thats just a fact

the old ways of royalties still pay more,

its all the fact rich youtubers, nobody getting rich of doing youtube, those people were already well off or are fronting by renting cars and homes to shoot it in to appear successful, most of the views on youtube videos are generated by robots anyway, if Justin Bieber was doing it lmao who ain't, be serious man

The Music Industry is nowhere near as big or profitable as it once was
 
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