MusicTechSolutions
@musictechsolve
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Chris Castle's Solutions for Music-Tech Entrepreneurs
Austin, TX
Joined February 2016
Deep dive companion to the @MusicAnswersNow podcast! Is Spotify's "ESG" Fail Bad Enough for an SEC Investigation https://t.co/1H7DaAksU5 via @musictechsolve #irespectmusic #ditchSpotify #Spoxit
musictech.solutions
Spotify has a major ESG problem–will anyone on Wall Street find out? A companion to my MusicAnswers podcast interview.
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Has anyone seen or calculated a Herfindahl–Hirschman Index for music streaming sector? I make it 1788.
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Streaming CPI Adjustments: Willing Buyer, Willing Seller or Unwilling Subsidy (@musictechpolicy - @musictechsolve)
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Songwriters had their right to bargain taken away by government compulsory licensing for the benefit of music users, then had the rates frozen for decades which makes the rates less than zero due to the rot of inflation.
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So no, I'm not surprised that the stock is coming back to reality because gravity always wins.
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You still have to ask how Spotify gets a positive ESG score when streaming is a major polluter, they screw millions of artists and songwriters and producers while trafficking in payola, and give two white men total voting control of the company.
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Spotify still acts like a venture backed private company using investor money to pay operating costs. It acts like a Dot Bomber that hosted their third launch party at the Playboy Mansion to get their pictures taken with the ladies--except it was the naming deal for Barcelona.
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Spotify is getting heat for crash in market value. Maybe it should get heat for is being publicly traded in the first place. In the pre-Dot Bomb bubble, it was not so easy to take a company public and it certainly wasn't easy to get absurd valuations. https://t.co/Lv1Tme6MVU
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My new video “Baby I Would Want You” out today. Watch the full version: https://t.co/dMq84RbKfb “Pop-rock noir. A much-needed antidote.” –Culture Catch Directed by Alice Teeple (@creeple) From the new album 'Violent Delights' out May 20, 2022 on @ECRMusicGroup
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What does inflation look like? Check out your tax bill which may be the double whammy. Government hasn't indexed tax rates and isn't gonna. Remember this was a campaign issue for Ronald Reagan in the 1980 election. CPAs will deliver bad news this week.
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Music makers won’t be intimidated by broadcasters’ threats to reduce airtime; Mr. LeGeyt’s broadcasters may run a type of sweat shop but they won’t deter our cause for economic justice. Let’s pass the bill: https://t.co/GqyDgSIJ1C
#IRespectMusic #MusicFairness #AMFA
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Federal Reserve is in a box. Inflation is raging and their only "weapon" is a sharp rise in interest rates due to 10 years of easy money quantitative easing. On top of today's spike in 10Y Bond. More reasons to get CPI on mechanicals just like webcasting. https://t.co/1yvZr8cBwC
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Inflation drives mortgage rates so expect higher rents any minute: "The yield on the 10-year Treasury note broke above 2% for the first time since August 2019, likely pushing the Federal Reserve to consider the half-percentage-point increase in the fed funds rate."
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Former Sixth Street venue The Parish (@ParishATX) will reopen in the former North Door building. Resound Presents partners with Heard Presents on the new Parish concept, dropping “The” and adding a separate-but-connected bar.
austinchronicle.com
Owners behind Empire and Resound Presents team up at Eastside Venue
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"The annual inflation rate in the US accelerated to 7.5% in January of 2022. Excluding volatile energy and food categories, the CPI rose 6%, the most since August of 1982. source: U.S. Bureau of Labor Statistics"
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Inflation is now 7.5%. The CRB proposal to freeze mechanicals on physical with no inflation adjustment just got even more insane and irresponsible as the consumer price index skyrockets. #frozenmechanicals #irespectmusic
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Everyone change your instagram pic to this. It's the promo for the new Fyre Festival.
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