EU Demands Youtube to Pay More to Artists, Blockchain Can Do Better
The EU may push a law to ensure artists receive fair shares of profits from media publishers. Jean-Claude Juncker, President of the European Commission states: “I want journalists, publishers and authors to be paid fairly for their work, whether it is made in studios or living rooms, whether it is disseminated offline or online, whether it is published via a copying machine or commercially hyperlinked on the web.” Video sharing website, Youtube and other media publishers might be forced to increase revenue for music creators to ensure fair shares of the profits. This will be in effect if....
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Giant online content platforms, such as Netflix and YouTube, currently dominate the content landscape, providing large quantities of easily accessible content for very cheap (or free plus advertisements). However, they remain centralized, meaning that a single entity has ultimate control over content and what compensation (if any) artists receive for their work. CoinTelegraph spoke with Mike Vine, Technology Evangelist for LBRY, about the prospects for a decentralized, blockchain-based, and creator-controlled approach to content dissemination to dismantle the current centralized norm.....
Does anyone have any idea about the average number of artists in any city at any given point of time? I guess the answer is no. The only artists we know and we recognize are the famous ones. The ones who are signed up with big record labels, have their own gallery and rake in millions of dollars for their artworks. But if we dig deeper the number of independent artists who are trying to make a living in the absence of recognition is way more than we can imagine. Fine arts, be it painting, music, dance and more is left unappreciated by the masses unless it is by someone famous. The main....
YouTube recently released news about integrating a new direct-to-creator tipping/funding feature. This is most likely to compete against Vimeo's Tip Jar feature. This is great news for content creators and YouTubers everywhere, but the potential could be largely expanded if YouTube includes Bitcoin. Here's the playing field between YouTube and Vimeo. YouTube is owned by Google. Vimeo is owned by InterActiveCorp, which also owns CollegeHumor, OKCupid and many other sites. Vimeo already has their Tip Jar feature open. However, it is only open to paying members as well as they only process....
Blockchain technology makes it difficult to cheat. Could music artists benefit from this feature? CoinTelegraph talked to a number of experts to learn how the music industry could adapt to the rules of the digital age. How Blockchain can help the music industry. Gabe Higgins, Founder of CryptoEdge Solutions and Tampa Bay Bitcoineers, says to CoinTelegraph: “Being a musician for almost two decades I've experienced the dramatic decline of the music industry in the digital age. When I discovered Bitcoin and learned about Blockchain technology, it immediately struck me as something which could....
Songcoin. Centralization has long characterized the music industry, making it hard for budding artists to distribute their music to the public. The internet revolutionized the music industry, which helped many independent artists build fan bases without caving to the demands of corporate record labels. Songcoin developer David Prince believes the invention of cryptocurrency offers musicians yet another golden opportunity to disrupt the music industry by rewarding listeners for discovering and investing in quality music. CCN spoke with Prince about Songcoin and the role he wants it to play....