Metallica warns Spotify, other streaming services can ‘ruin’ the music industry
Today, many fans enjoy music from their favorite artists through online streaming platforms such as Spotify, Apple Music, Amazon, etc. because it is very accessible and can play songs at your fingertips. However, a renowned musician thinks there will be a problem despite its accessibility.
Speaking in a new interview with Classic Rock, Metallica guitarist Kirk Hammett says streaming services “won’t work” as a new form of business.
He also claimed that the group warned everyone that the time would come and streaming platforms would take over.
“We warned everyone that the music industry was going to lose 80% of its net worth, power and influence. When these monumental changes happen, either you f******* shake the cage and don’t do anything, either move on,” he added. (via NME)
The musician explained that there are other ways to put music on and get it out to fans, but it’s not as “efficient as the music industry was before Napster”.
Hammett then accepted that streaming services are prevalent today and “we’re stuck with that.”
However, he thinks there should be a “midpoint” where streaming and the old way would come together, or another “model” would be introduced to consumers.
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The guitarist isn’t the first person to criticize streaming services, as many people have protested Spotify’s low payment to artists.
In a 2013 blog post by David Byrne published via The Guardian, the musician said he doesn’t count on the “misery” that comes to him from music streaming.
He explained that new artists don’t have an advantage as many of them still struggle to make a living from live performances and licensing.
Earlier this year, David Crosby also expressed similar thoughts on this, but focusing on Spotify, saying he doesn’t like the platform or any streamer because they don’t pay artists properly.
The musician also noted that while streaming companies make billions of dollars, they only pay artists with pennies.
“It’s not OK. It’s not OK in the sense that it’s taken away half of my income, and it’s not OK in the sense, in particular, that it’s incredibly difficult for young people to succeed in the business. It doesn’t pay them anything. It’s wrong,” he added.
He clarified that advising young creatives not to become musicians is “crap”, but the current streaming climate has pushed him to do so.
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