![]() ![]() KT Tunstall added, "Major labels have encouraged people to listen to music for nothing," indicating the 1 billion users listening to music on YouTube. Two of the biggest record labels, Universal Music Group and Sony Music Independent, share in Spotify. This disparity in revenue between the artist and record label is further widened when we examine who owns the streaming giant. It seems West is due to receive between 14-25% of royalties made on his sales and streams, a typical percentage according to music industry lawyer Aurelia Butler-Ball, but considered "modern-day slavery" by the rapper. Recently, the American rapper took to Twitter, demanding to be released from his contract, posting detailed screenshots of the agreement with Universal Music. Kanye West has been a recent advocate for fairer contracts in the music industry, pictured with his. With Spotify, in their pursuit of giving the most to consumers, the musicians themselves are the new dairy farmer, being pushed over by this monopoly. Although this has been a problem for some time, it took a global lockdown to realize it fully. A more contemporary example is the mall, facing a loss of customers because they can no longer price match the cheaper, and arguably easier,. Having lost the ability to negotiate prices with supermarkets because it's the only place to buy their milk. ![]() Take a classic loser - the dairy farmer – for instance. ![]() However, when a company or industry monopolizes, people still lose out. For the consumer, this monopoly isn't an issue it often improves the user experience (UX) with more content available and better app integration. Take Spotify, which has 286 million monthly users, compared to Apple Music's 60 million, and Amazon Music's 55 million monthly users – the streaming service not only holds a monopoly over other streaming mammoths but also over the different ways to listen to music being able to stream on the go is the preferred way to consume music, over CD or Vinyl. And these apps all hold a monopoly in their respective field. ![]()
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