The streaming platform is a hungry beast that is perpetually hungry | MIDiA Research

The music business has become a just-in-time economy too, and that is not a good thing.

The music business used to be characterised by artists disappearing into the studio for months on end and emerging with an album for expectant fans to get their hands on at some time in the future.

 Bands like the Red Hot Chili Peppers were able to average four years between their albums and still expect their fanbase to be there, waiting eagerly for the next release. Streaming and social media combined to turn that model on its head, heralding the era of the always-on artist.

 Now, artists fear the consequences of not putting out a single every month. Heck, even Daniel Ek said it is “not enough” for artists to release albums “every 3-4 years” and that they need to create “continuous engagement with their fans”.

Add this to the very real fear that the algorithm will ‘forget’ artists if they do not keep up a steady flow of social posts and releases, and you have the foundation stones for music’s just-in-time economy. 

The implication, no, the reality, is that if artists do not conform to the always-on model then they will be lost by (not in) the system. Artists (and their rightsholders) have become just-in-time suppliers, with the subtle, yet seismic, shift from delivering art to their fans when they have finished their creative process, at their pace, to filling a slot in the never ceasing supply chain.

It is an environment that, unsurprisingly, has created the hit today, gone tomorrow world that today’s music business operates within.

The model works well for platforms, and consumers, but less so for artists, due to misaligned incentives across the industry.

 The underlying problem with the system is that the content platforms that shape today’s entertainment business (TikTok, YouTube, Twitch, Spotify, etc.) value creation more than they do creators. 

The more creation that there is, the more that the platforms’ algorithms are able to target users with ever more specific and personalised content.

 The platforms all, of course, talk a good talk about creators, but what matters most to them is that their users get the right content.

 It does not matter whether that means a thousand creators delivering one piece of content to a thousand users, or one creator to one thousand users. 

With the pervasive obsession with ‘new’, as soon as one piece of content has been served, another is needed.

This is how we described this dynamic back in early 2021:

“In the attention economy’s volume and velocity game, the streaming platform is a hungry beast that is perpetually hungry. 

Each new song is just another bit of calorific input to sate its appetite.”

This read above is from Mark Mulligan from Midiaresearch.com