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The Brutal Downfall Of The Music Industry

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Damian Keyes

Up and coming artists are struggling to make ends meet, grassroots venues are shutting down every week, and less bands are touring due to spiralling costs. All while Taylor Swift conquers the world with her Eras tour and music corporations are declaring record profits.

Spotify and other DSPs often take much of the blame for this as a result of the low royalties paid by streaming services, but inequality within the music industry is a much wider problem.

Change is needed to create a fairer landscape and ensure that some of the vast wealth in music is redistributed to artists.

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00:00 The Problem
03:53 It's All Spotify's Fault
05:09 Super Artists
10:35 There's No Infrastructure
15:56 Build Your Brand




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ABOUT ME:
Hey! I’m Damian Keyes and I've worked with musicians every day of my life for the past 20 years. The internet is de ply untrusting understandably and here is my background so you can have the full picture.

When I was 18, I was signed to a major label and at 23 I cofounded a Music University in Europe called BIMM (valued at $300M). I’m also a bass player, I’ve played for a number of artists including Eric Clapton, Alanis Morrisette and Billy Cobham. I initially retired at 30, but realised that life gets boring if you’re not building!

I have always been inbetween the music industry and education which is how I ended up building my YouTube channel I’ve been teaching artists how to release music long before it was a ‘niche’! I now educate artists around the world with my Academy, YouTube channel and Social Agency.

It’s great to meet you and looking forward to working together on your music!

posted by samuelbates42