Ditching Spotify: Discover the Platform That’s Truly Empowering Artists

by Gala Music | Aug 14, 2024 | Gala Music

Over the past couple decades, music has evolved as rapidly as technology itself, opening the gateway to a new world that musicians must navigate in order to sink or swim, often (and unfortunately) regardless of the outstanding quality of their art.

In this world, widely adopted platforms like Spotify have become the dominating force, offering artists a way to reach global audiences but often at the expense of fair compensation. With current streaming royalties averaging between $0.003 to $0.005 per stream, many musicians find themselves struggling to earn a living even despite millions of plays. Influenced by factors like the low-cost capabilities of AI production tools, the addition of audiobooks to its Premium membership tier and a corporate “bottom line” mentality that inherently undervalues artists, Spotify continues to devalue the artist’s share as 2024 marches on.

LEARN MORE:
“Is True Art Dead in the Era of Algorithms and AI | Opinion” – Newsweek, July 2024

Many artists have simply had enough of Spotify. They know that when their heart and soul are poured into something that can inspire countless listeners, that inspiration should be valued accordingly.

Spotify is impoverishing songwriters, composers, & creative musicians. #TheTyrannyOfConvenienceStrikesAgain. https://t.co/Z2bgYFSeLB
— Vernon Reid (@vurnt22) July 31, 2024

Gala Music is pioneering a new era for artists, leveraging blockchain technology and the scalable power of GalChain. But why stop at enhanced artist earnings when you can also empower them to connect more deeply with their fans and jumpstart their careers?

Gala Music clocks in at around $0.01 per stream for artists, more than double what the same artist would receive from the most popular platform in the world.

From well-known published artists looking for a refresh to the numerous independent and emerging artists that fill the platform with life, diversity and individuality, Gala Music is a game changer.

Unlocking $MUSIC Rewards

At the heart of Gala Music’s ecosystem is the $MUSIC token, a utility token that transforms the way artists are rewarded for their work. Unlike traditional platforms, Gala Music ensures that artists are directly compensated in $MUSIC tokens every time their tracks are streamed. The rewards are further amplified when an artist’s NFT track is paired with a Jukebox Node and hosted on Gala Music’s Decentralized Physical Infrastructure Network (DePIN). Once this hosting is activated for a limited NFT track, the track’s owner and the powering Jukebox Node operator are also able to receive regular $MUSIC rewards based on that track’s success.

The community-powered approach to music streaming made possible by web3 creates several distinct ways to participate in the music economy of the future. As a listener, you can discover the latest music and listen for free to directly benefit artists, collectors and the operators who power the network. As a track collector, you can speculate and play a part in the discovery of new artists, then share in their success with tangible rewards. As a Jukebox Node operator, you can provide computing power to the network, hosting multiple tracks and sharing in all their daily rewards.

Artists sit at the forefront of this entire system, benefiting directly from all the incentivized actions that make Gala Music such a revolutionary streaming platform.

Artists, track owners and Jukebox Node operators all share in the distribution of $MUSIC rewards. The most significant beneficiary, however, is the artist. By hosting their music on Gala Music, artists gain access to multiple revenue streams that go beyond simple streaming royalties, including NFT sales, All Access Experience sales, direct tipping and Mystery Box sales.

Browse NFT Tracks here

Case Studies: The Numbers Speak for Themselves

The benefits of Gala Music’s model are already evident in the earnings of artists who have embraced the platform. Here are some real-world examples of how artists are thriving on Gala Music compared to traditional platforms like Spotify.

Anonymous Artist #1

Gross NFT Sales: $126,500
Streams: 232,000
Gala Music Streaming Income: $3,386
Equivalent Spotify Streaming Payout: $696
Total Earnings (excluding All Access and Tipping): $129,886
Highlight: One track alone made $14,000 in NFT sales.

Anonymous Artist #2

Gross NFT Sales: $310,000
Streams: 622,000
Gala Music Streaming Income: $6,791
Equivalent Spotify Streaming Payout: $1,866
Total Earnings (excluding All Access and Tipping): $316,791
Highlight: Two tracks generated $45,000 each in NFT sales.

Anonymous Artist #3

Gross NFT Sales: $48,000
Streams: 25,000
Gala Music Streaming Income: $1,091
Equivalent Spotify Streaming Payout: $75
Total Earnings (excluding All Access and Tipping): $49,091
Highlight: Each track averaged over $16,700 in NFT sales.

These figures illustrate a stark contrast between the earnings potential on Gala Music versus traditional streaming platforms. While Spotify’s payouts are minimal, Gala Music’s model enables artists to monetize their work significantly better, particularly through NFT sales and decentralized streaming.

Imagine what happens to these already impressive numbers once more people discover the benefit of decentralized music streaming.

Listeners Leaving Spotify

Spotify is already disappointing listeners on multiple levels, leading to what many previous Spotify users would call a mass exodus.

“Why I Finally Quit Spotify” – The New Yorker, July 31, 2024

“On Quitting Spotify” by Izzy Ampil, Joinreboot.org, October 2023

Building Beyond the Stream

Gala Music not only enhances artist earnings but also deepens the connection between artists and their fans. Through offerings like the All Access Experience, artists can sell exclusive experiences, merchandise, and collectibles directly to their fans. Whether it’s a virtual studio session or a limited-edition autographed collectible, these experiences are unique to Gala Music and offer fans unprecedented access to their favorite artists.

A Revolution in Music Distribution

Gala Music is more than just a streaming platform. By utilizing blockchain technology and the $MUSIC token, Gala Music empowers artists to earn what they deserve and engage with their fans in meaningful ways. While the platform is still in its early stages, the success stories of artists already on board are a testament to its potential. As the platform grows and more listeners discover the benefits of web3 music, the future looks bright for artists who choose to join Gala Music.

For artists looking to break free from the constraints of traditional platforms, Gala Music offers a path to not only greater financial rewards but also creative freedom and deeper fan connections. The era of artist empowerment is here, and Gala Music is leading the way.

Interested in applying as a Gala Music artist? Start here.

Gala Music Brings Fairness and Creative Empowerment to Recording Artists

by Gala Music | May 13, 2024 | Gala Music

As the music industry continues to grapple with the complexities of fair compensation and artist rights, Gala Music is emerging as a transformative force, championing the interests of emerging artists in a landscape often dominated by established platforms and traditional mechanisms. This is increasingly significant in light of recent developments, such as Spotify’s decision to reduce royalty payments to songwriters, which is poised to further squeeze the already modest earnings of creative professionals.

Spotify’s latest subscription rate hike plan to include audiobooks as a Premium tier feature, songwriters and publishers did not get the royalty boost that might be expected from a subscription cost increase. Instead, the membership restructuring will introduce a new bundle disbursement rate for royalties that includes audiobooks. As a result, US songwriters and publishers’ royalty value will drop by an estimated $150 million over the coming 12 months. SOURCE

Fair Pay for Gala Recording Artists

Gala Music, built on the innovative GalaChain, leverages cutting edge web3 tech to create a decentralized ecosystem where artists can thrive by maintaining control over their music and directly engaging with their audiences.

Unlike traditional music platforms that offer minimal royalties and limited transparency, Gala Music introduces an equitable revenue model where artists receive a substantial 70% share of the revenue from NFT track sales. This model not only ensures artists are fairly compensated but also aligns with Gala Music’s core philosophy of empowering artists rather than exploiting them for profit.

But NFT track sales aren’t the only way for artists to earn with Gala Music. Artists can also receive $MUSIC in a variety of ways, including direct tips from users, rewards based on platform track listens and more. By building a fan base on Gala Music, an artist is securing a plethora of potential revenue streams with the power to significantly boost their careers.

To learn more about Gala Music’s industry-empowering vision, read the Gala Music Whitepaper.

Gala’s partially decentralized structure allows artists to bypass the restrictive practices of the music industry that have historically undermined their financial and creative autonomy, while still adhering to high quality standards for platform offerings. Through features such as the Gala Music Jukebox Node DePIN, the Artist Upload self service portal and the All Access store that allows artists to share unique and creative experiences, artists and fans can interact in novel ways with the potential to transform an entire art form for the better. From direct sales to live concerts, special promotions and more, Gala Music is a game changer for artists’ careers.

The recent shift by Spotify highlights a broader industry trend where the economics do not favor the artist. According to reports, Spotify’s bundled subscriptions for audiobooks and other content are expected to further reduce the royalties that songwriters can earn from the platform, pressing the need for alternative solutions like Gala Music where artists’ contributions are valued and rewarded.

Resonating Change

Gala Music’s response to the industry’s challenges is not just about offering better pay. It’s about a revamp of the artist’s role in the music industry that puts the creators back in the driver’s seat.

Through blockchain technology, Gala Music provides transparency, allowing artists to see exactly how their music is being consumed and ensuring that they are compensated accordingly.

Smart contracts make it possible for artists to easily manage things like releases and rev shares, and the unsurpassed security of GalaChain ensures a safe environment that uplifts and rewards artistic integrity. This level of clarity and fairness is absent in conventional music streaming services, which have often been criticized for opaque payout processes and disproportionately low payments to artists.

Gala Music is much more than a free streaming platform; it’s a movement towards a more just and artist-focused music industry. It represents a shift from a corporate-dominated space to one where independent artists can pave their own paths and receive the full value of their creative output. As the landscape of music continues to evolve, Gala Music represents hope and fairness in the future of music, promising a better deal for artists and a richer, more diverse musical culture for fans around the world.

Create an account to start listening for free to stack $MUSIC rewards