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The Death of the Middle-Class Musician

(thewalrus.ca)
300 points pseudolus | 4 comments | 28 Jun 25 22:06 UTC | HN request time: 0.839s | source
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blindriver ◴[28 Jun 25 23:45 UTC] No.44409137[source]▶
Streaming is the biggest scam to have perpetuated the entertainment industry. The way the money is divided among the content creators is absurd and the prices are both too high and too low at the same time.
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johnnyanmac ◴[29 Jun 25 00:30 UTC] No.44409331[source]▶
It's even more of a scam because none of these companies were making such services with a way to actually profit in mind. It got customers spoiled on unrealistically cheap media; cheap media that was a result of skilled labor that only got more expensive over time. The bubble was going to burst one day.

In some regards, the ZIRP era ending was needed; companies can't just make money by relying on hype for years, even decades before the piper needs to be paid. But of course it couldn't have ended in a worst time.

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1. owebmaster ◴[29 Jun 25 01:20 UTC] No.44409593[source]▶
> In some regards, the ZIRP era ending was needed; companies can't just make money by relying on hype for years, even decades before the piper needs to be paid. But of course it couldn't have ended in a worst time.

Maybe that is why lots of people are struggling more now while the economy numbers say things are better than ever.

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2. johnnyanmac ◴[29 Jun 25 02:46 UTC] No.44409958[source]▶
For now. I believe the gdp started to slightly contract last quarter. The government never wants to admit times are bad, but eventually even their massaging of the data can't hide the true situation.
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3. blindriver ◴[29 Jun 25 05:09 UTC] No.44410508[source]▶
GDP contracted because of a build up of inventory. It was a technicality, the GDP actually grew.
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4. johnnyanmac ◴[29 Jun 25 05:27 UTC] No.44410561{3}[source]▶
I suppose we'll see if they run through all that inventory. Or worse, don't run through it.