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Basically, yes, we see some version of v4v as the future. There is lots of evidence showing that a very small percentage of devoted fans tend to contribute to the majority of an artist's revenue. Most artists, especially those not in the top 1%, actually end up missing out on a lot of potential earnings because streaming platforms don't give fans the optionality to send more than the standard rate to an artist for streaming a song.
We also see a lot of opportunity in the v4v model enabling more direct connection between artists and their biggest fans via distributed online communities and platforms that incentivize fan support. As online media continues to fragment I believe we will see more niche-specific platforms grow in popularity, and people will need to have ways to financially support that content moving forward. We've seen this kind of innovation happen in podcasting over the last decade and I think the same can happen for music. We just need to get out of the mindset that paywalls protect artists' best interests.
Much of this has been influenced by people like Gigi and Sam, so hats off to them for cracking open my mind.
Sorry! newb here butting into your conversation. Where is a good place to start to learn more about v4v? I work in the music industry and I'm just starting to dig into this side of things.
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Not at all! Glad to see this old thread still has some legs 😀
We keep a zine (blog) that might be helpful. This might be a good place to start: https://zine.wavlake.com/value-for-value-music-with-lightning-what-a-concept/
Let me know if you have any questions
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Thanks for the link! Well this just prompted a thousand more questions. Before that, let me check out Wavlake for a bit to see what my experience is like.
Off the top, the main questions that come up are framed from the perspective of a rightsholder. I'm a music publisher for various songwriters, and also offer distro through Symphonic if any of the artists I represent need a hand in that process. The distro service is secondary to the publishing service, but I figured I'd offer it as an option to offer support in that area also. I'm sure it's a longer conversation, but just curious what using Wavlake looks like for smaller, indie rightsholders, like me? I'd love to explore this as an alternative to the current mainstream models of streaming.
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