292
submitted 9 months ago by narwhal@lemmy.ml to c/technology@lemmy.ml
you are viewing a single comment's thread
view the rest of the comments
[-] ElderWendigo@sh.itjust.works 14 points 9 months ago

Songtradr is a music licensing middle man, charging both artists and those looking to license their music, and somehow despite money coming in at both ends they were losing money in 2022. That does not bode well for the status quo at their new acquisition, Bandcamp, especially considering that their very first move was to fire half the staff. Songtradr doesn't care about artists or music fans, their singular and only priority is entangling artists and music distributors in their licensing scheme. They're middlemen. Middlemen are great for exploiting the free market for profit. Middlemen are at best an additional drain on profits for everyone else. Bandcamp was one of the few places you could buy digital music that really felt like ownership and not licensing locked behind DRM. The songtradr acquisition has the potential to kill development of that kind of digital and DRM-free distribution marketplace and limit investment in anything else that tries to do something similar. If songtradr continuing to lose money after the Bandcamp acquisition, it will be an example to all investors that DRM-free digital music cannot be profitable.

this post was submitted on 17 Oct 2023
292 points (96.5% liked)

Technology

33711 readers
571 users here now

This is the official technology community of Lemmy.ml for all news related to creation and use of technology, and to facilitate civil, meaningful discussion around it.


Ask in DM before posting product reviews or ads. All such posts otherwise are subject to removal.


Rules:

1: All Lemmy rules apply

2: Do not post low effort posts

3: NEVER post naziped*gore stuff

4: Always post article URLs or their archived version URLs as sources, NOT screenshots. Help the blind users.

5: personal rants of Big Tech CEOs like Elon Musk are unwelcome (does not include posts about their companies affecting wide range of people)

6: no advertisement posts unless verified as legitimate and non-exploitative/non-consumerist

7: crypto related posts, unless essential, are disallowed

founded 5 years ago
MODERATORS