Look Law

11/13/2020

"Our feeling is if Ford or any other hypothetical company says they can't be in business and pay their workers a decent wage for making their cars, they shouldn't be in business." - Damon Krukowski of UMAW

It is in no one's interest for Spotify to go out of business, but the point is that eventually, a business model fails if it can't sustain its workers. Damon points out that Spotify doesn't disclose its real income, and with $100 million going to Joe Rogan for one podcast deal, it is clear that there is a lack of transparency.

Ultimately, we shouldn't see Spotify as the villain, though. Streaming services saved the music industry from the brink. A fraction of a penny per stream is a lot more than pirated music. But, the brilliance of this innovation is that it conditioned a generation to pay more for its music than its parents did. So, as the industry starts to make record-high revenue, the model needs transparency and collaboration with artists to sustain itself.

We have followed this issue extensively and believe there is an incredible opportunity for sustainability through innovation. Visit our website look.law and connect with us over social to learn more!

https://www.vice.com/en/article/k7awev/union-of-musicians-want-penny-per-stream-from-spotify

Damon Krukowski of Galaxie 500 and the Union of Musicians and Allied Workers explains the 'Justice at Spotify' campaign.

11/04/2020

The music industry is making money again. And it has piqued the interest of the investing community. Goldman Sachs expects global music revenues to reach $142B by 2030, and record labels are IPOing. Despite all of this, the creators are still getting squeezed out of the picture. The artist’s business model changed when the industry pivoted from direct sales to streaming and live performances. Learn how the well connected found a way to cut out even better streaming profit margins from artists’ intellectual property.

Article: http://bit.ly/StreamingPie

10/29/2020

Kanye just said that he is willing to buy Universal Music Group. Of all his lofty goals, this one might be the most reformative.

It is hard to say if he will actually buy UMG, but this statement shows just how serious he is about his intellectual property. This invigorated zeal to change the industry was started on Twitter when he made a promise to get his and Taylor Swifts master recordings back from UMG.

Owning these intellectual property rights means big money in the future. The relationship between this IP and the evolving streaming model explains why there is such a rift between artists and labels. This is the first article in a series on the topic.

Stay tuned for 2 more articles that will dive deeper into the artist’s business model and future industry projections.

Article Link: http://bit.ly/KanyeUMG

10/23/2020

**Look closely, Looklawfirm.com is now Look.law!**

This redesign represents our passion for art and innovative solutions at a time when we need it the most. We wanted to do more than help business owners simply navigate the challenges of the pandemic. We want to inspire and incubate solutions that make the world brighter. This site is for filmmakers, startups, artists, content creators and creative entrepreneurs. Learn how our mission and service offerings can help you work through the details of making your vision a reality.

Learn more: http://bit.ly/1look-law2