Singers' Blues: Digital Music Market
One local digital music service provider posted an annual sales of nearly 50 million U.S. dollars and a net profit of over 7.3 million, but singers and instrument players got less than 10% of the profit. What is going on? Joong Shik Band is a group of talented musicians who won top prize at the 2014 Indie Musicians Competition, but all of its members work as construction laborers or maintenance workers on the side, because they can't make ends meet with the income from digital music alone. So musicians have established a co-op to build a better profit distribution scheme. And these Korean musicians are not alone. Singers in the U.S. and the U.K. have joined the fight. 4Angles looks at the problems of the digital music market and their possible solutions.