“Yes, and the cause of that is they are all trying to be distributors of their own product.”
You must mean, like Netfix’s own productions. In the case of Netflix the only production of theirs I’ve watched is ‘The Crown’. To me the streamers provide things that they didn’t produce.
How did the music industry arrive at their distribution model? There must be winners with that model. Could it be that shady websites drove them to the model. The internet is certainly a game changer.
Actually, the music industry is not winning with the streaming model. I know a couple of guys in a successful rock band here (started in the 80’s - L.A. Guns) who have many albums under their belt. They only get something like .00035 cents per play on Spotify and Apple Music. I’ve seen a couple of their royalty statements before - $5.56 (for a month on Spotify) Touring doesn’t net a heck of alot either without a “sell out guarantee”, and they say the real money is in the merchandise - t-shirts, etc._sold at their shows.
“You must mean, like Netfix’s own productions.”
Which they were forced to start producing because all the other content producers started clawing back their content to put on their own streaming services. That’s why you can’t watch Star Wars and Marvel movies on Netflix anymore, etc.
That’s not a model that is going to work. People won’t pay for 10 subscriptions to watch what they used to be able to watch with 1 subscription.
“How did the music industry arrive at their distribution model?”
Spotify just broke the law and started distributing all the music that anyone wanted to listen to for a reasonable fee. Ostensibly they claimed they would be paying royalties to the artists out of those fees but really what they were doing was totally illegal. However, they became so popular that the music industry decided it was better to negotiate with them for a piece of the pie rather than destroy them like napster.