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Rude not to at these levels. Lets hope for a better week.

Change the £ to $ amounts as thats the payment from the companies. Should have kept the $ sign all the way through.

Your calculations make £7,600. How many fractions of a penny?

Here's some numbers on streaming and my view on the future.

- Spotify pay artists $0,0032 per stream (they don't, they pay aggregators and distributers, who pay labels, who then pay artists, everyone takes out there “costs” along the chain)
- Apple Music - $0,0056
- Google Play Music - $0,0055
- Deezer - $0.00436

So 760m streams on spotify. Would generate a payout £2,432,000 of which 10% - 15% would go to the distributor and aggregator (364,800) the label would take off costs (which really vary depending on promotion budgets) and then pay the artist 50% at most, some are on far worse. An artist would be lucky to see £1,000,000 of that income. 760m plays needed to become a millionaire.

If an artist/Label released that track on Blockchain via distribution or issuing there own NFT. Then said we will accept a minimum of $0.006 per stream, then what ever platform fee's added after, is up to said company. The artist/Label will be directly paid £4.56m. Around double. If an artist cuts out a label, over four times current earnings. The Artist/label also has far less accounting work and If anyone wants to licence the music to film, tv, game, hours and weeks of emails and negotiations are now no longer needed as the smart contract has all licensing options attached. If the artist gave points to singers or musicians for there performance when recording, this is also programmed into the smart contract and rights owners paid accordingly. Less paper work, less time, more efficiency, more money.

Now ask yourself if you were an artist or label what you would be looking to with the future. No brainer.

Worth a watch to be up to date with the cutting edge of the industry direction right now.
https://youtu.be/RGbwp4JrnK0

The digital world has turned music into a commodity. They've forgotten its art. Try and license a Micheal Jackson song, then try and license a 90's one hit wonder hardcore track. Vast difference. This industry is ever evolving, quicker than most.

Those who solve problems do well.

Blockchain solves so many problems its shocking. It even reduces the hours for accountants and payment systems as it can be programmed into the chain who owns what. This industry is going to have a huge shake up. 7Dig will need to be at the cutting edge supporting artists to survive and prosper. 90% Margins will be frowned upon trust me.

I am, i just don't think you are grasping what Im saying. Companies like 7 dig, will have to go to the blockchain to license that music directly from the labels and artists who own it. Not to aggregators or distributors who are doing the bidding for artists and artist are screaming about how bad those deals are. Do you see how many stages are in the chain away from the writers and creators. That will change. So I predict that within 5 to 10 years, trying to get a 90% profit margin out of forward selling others art, will not be easy. Yeah, they can make 90% selling into China. However I think market dynamics will close that margin. Music is high turn over low margin, not low turn over high margin.

Imagine it with shares. Its like having 2 brokers and 3 market makers to buy and sell all taking cuts. Its madness and will not last in the current system. Blockchain will dominate the distribution world. Want to access a popular song? That will cost more, supply and demand.

When i say this, i mean the format of distribution we currently see.

This will not be needed in the future for digital distribution. It's old world. Blockchain is destructive tech. This isn't an efficient market. Technology makes markets efficient.

Current music distribution.

Artist > Label > Distributer > Aggregator > Shop > Customer

Blockchain distribution

Artist > Customer >Aggregator >Distributer > Shop

Flips the whole thing on its head. Notice no Label. Wonder how long before distributor goes as that will basically be the blockchain platform and it will take a small 1% maximum fee on transactions. Not the current 10-15% which tend to be average.

Couldn't give you them without seeing numbers. Streaming is seriously small amounts. Licensing far better.

Contracts will secure a certain amount of guarantee. I would say 5 years from now will be very different.

I've seen Vinyl, Tape, CD, Mini disk, Mp3, Streaming. Its ever evolving. However you can't not pay the owners and creators fairly for to long with out a market reaction and change. Blockchain is enabling that now.

100% Holly, For me Investment is long term. I don't see anything but blockchain solutions as long term. I hope 7Dig move that way. They are a cog in a wheel with a lot of cogs. Progress is inevitable in business, blockchain is next generation. So many issues solved.

Because its my livelihood @Ferdie. I've seen it decimated with the move to digital. Things are now coming full swing and I'm just giving you my knowledge from the industry. All are starting to look in this direction. Far to many middle men.

Who said I don't have any shares? I do, Go back to last year and you may find when i bought. I hold lots of companies profiting from the move to digital. Once the assets digitise then the game changes again.

Great discussion points Ferdie. Good luck with your investments.

And companies like this will have to get that music from the source. The source is changing. Really doesn't matter if a country bans blockchain. If that's where it's stored, companies will still have to access it before "passing it on" to new markets.

Not sure about selfless altruistic communists. This is the future of capitalism. Stakeholders and owners count.

From last speeding ticket RNS...

Bolivia:

Clontarf submitted a proposal on medium-sized salt-lakes (including at least one with good Lithium grade & low Magnesium impurity) shortly before the end-2019 Bolivian General Election.



Following the resignation of the outgoing Bolivian government, we have been in discussions with the heads of the National Lithium Company, and the interim Minister's staff.

Is it a leak, or a twitter pump? Not on there so couldn't tell you. Just tucked away some of these for when the day comes, Boliva open up to mining world for its reserves. CLON certainly well placed.

Hold the purely for the punt. It is said Bolivia reserves must be tapped or world demand will never be met. Lets be honest, that's oil of the future, It will come. Even if via the methods western governments have used in the past to secure oil. The worlds a nasty place and s**t happens. Any Bolivian government will know the risk of not doing deals. You basically are inviting your country to become a war zone if you don't play ball. Especially now Biden is in. Do play ball and you'll make more money than you ever imagined.

Basically a provider (Distributor, aggregator, shop) is going to move in the chain. They will be a customer and forward sell. Not chose the price they forward sell at and pay the owner what they choose months later.

Who chooses to serve China will be taking it fro the blockchain and serving it via their platform. Again, The flow of distribution and money currently over blockchain. Imagine this was you're industry. Can you see it sustaining when blockchain switched the game completely?

Current music distribution.

Artist > Label > Distributer > Aggregator > Shop > Customer

Current music money flow

Customer > Shop > Aggregator > Distributer > Label > Artist

Blockchain distribution

Artist > Customer

Blockchain Money Flow

Customer > Artist

Blockchain will solve it.

A digital file is one file, every step in the current chain that file cloned and stored on servers. All at a cost not needed if stored in one place, the blockchain is its home, one file, one storage. Much greener eh?

All the above Spotify, Tic Tok etc will come to the chain, ask to stream, or download, the chain will tell it how much it wants to stream or download, money paid instantly, Smart contract contains royalty splits and all owners and points holders (musicians, vocalists, label owners, publishers etc) will be paid instantly.

This is the future. There is no way it won't be. It's just a matter of time and adoption. Blockchain levels the playing fields and rewards the creators.

I'll happily talk with them about a fairer distribution system. Become a blockchain distribution platform.
I could connect them to 100's of artists labels and artists also.

The record label is even dying. Unless it presents something of value to an artist, why is it needed? It must become the support and management platform for the artist or they will just do it themselves or hire a manger.

15 years ago when a new artist came to us, we had to do a lot of work and take risks.
Now an artist can come with a bigger social presence than the label.

Things are turning. The creator will hold more power in the future, they always did hold some in the past, it's only the digital age which the industry is catching up on and taking back its "rights"

Thanks. It is going to be life changing for the team I work with. Some of who have seen a career taken away from them this past year. Young talented ambitious guys in there 20's with a future just coming together, first festival bookings, Earnings of £30,000 a year from live, all gone. It's all good though, they get 0.001p for streaming. Their million fans can make them £1500 to live on.

Game is changing. May take time but its changing.