Economics of Streaming & the Rise of the Music Artists’ Rights and Compensation

October 2023

Abstract

As the big era of buying CDs and vinyl records has mostly passed, music streaming continues to hit the music industry by storm. It is a market estimated at $153 Billion [1] with no signs of saturation. Nearly 2 billion music discoveries happen on Spotify every day. Headlines continue to sweep across the news media and this month the FT reports [2] “Universal music strikes deal to reshape streaming economics”. Broad industry alignment is required to re-monetise the music making lifecycle to benefit artists, limit non-artist noise, and ensure a better-quality user experience. This is particularly challenging where current fragmented and inconsistent regulations across different jurisdictions are struggling to keep pace with technology developments.

Authors

Jansher Verscht

Economics Student, University of Loughborough, UK

I am intrigued by the multifaceted approach of Economics as applied to tackling world problems and the financial implications to everyone. My unique work experiences demonstrate the breadth of this exposure in several roles I have undertaken including a high level of academic and extracurricular achievements. I can thrive in fast paced demanding environments, continuously reassessing situations. I am an analytical and numerical problem solver which skillset I found to be especially significant for conducting financial analysis. I can analyse large datasets using the sophisticated software tools (such as CoStar to collect data and Power BI) for data visualisation and creating models based on markets of various products or policies. This enabled me to extract relevant information from large datasets and provide insights and outcomes for new workflows. I have enjoyed leadership roles managing others quickly building relationships where I have taken responsibility and delivered on projects. I focus on being collaborative and inclusive with my team members. I have enjoyed the fast pace and innovative culture where I conducted investor due diligence in a variety of different industry sectors. For example, I have analysed investment opportunities in a fast-moving real time fund in the real estate sector, and I have identified new growth potentials and branding opportunities for start-ups. I enjoy learning about how new technologies and innovation are impacting the financial sector, such as the use of AI, and blockchain with decentralised systems. As new technologies emerge so will financial models to maximise gain. I fine-tuned my research and editing skills with attention to detail and accuracy when I published my extended research project on “how streaming and illegal downloading have negatively impacted the music industry”. Here, I explored financial models, including advertising models, to fairly compensate multiple parties in the supply chain. This skillset led me to my role at Sortino M & A Group, where I presently publish bi-weekly, online, a selection of major deals after scouting many financial news sites, and deep diving into some chosen topics. I learned about resilience, endurance, and leadership from an early age which have all helped me to combat highly competitive situations. At tennis tournaments, I played at a regional level and my peak reached the top 100 in England. As a chess captain on the first board, I competed across the country. The debating club helped me to learn to be articulate and think critically. The silver and gold Duke of Edinburgh awards have taught me about sustained endurance and the significance of closely collaborating with my team members.

Afzana Anwer

Head of IP, Altilium Clean Technology, UK

Dr Afzana Anwer is an experienced IP lawyer, leading on the IP front to capture, protect, defend, enforce, and exploit IP, in a broad range of multiple industry sectors for different sized companies, from the entrepreneurial start-ups, SMEs, to the multinationals and universities. She has advanced science degrees (University of Cambridge/Massachusetts Institute of Technology) and legal qualifications in the U.S/Massachusetts and in the U.K (Roll of Solicitors).

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Economics of Streaming & the Rise of the Music Artists’ Rights and Compensation

Abstract

Authors

Companies

University of Loughborough

Altilium Clean Technology

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