With the steem I made posting my music on Steemit I already made more money than most artist listed on the biggest online music streaming service Spotify. Giant music labels dictate the music business today and leave crumbs for the songwriters, performers and independent artists. In fact the music industry is in decline for more than a decade. With the internet revolution, many industries adopted the web, unfortunately the music industry could not catch up with the rapid changing times. When Napster arrived and started p2p music sharing big music companies decided to chase after and sue the music fan instead of embracing the technology that the web offered. For the first time anyone with an internet connection could enjoy music from all over the world in his own home. Today this problem is resolved with platforms like Spotify who collect revenue from online streaming and again the musician is the one whose intellectual property is violated and gets almost no financial return after all the time and effort invested. Of course music is an art form and is not intended to generate profit, but this does’t mean the people who actually create the music do not deserve their fair share of the pie.
It turns out an employee’s salary equals to 288,104,634 spins an artist must make to acquire the same amount of money. That’s only $0.00058 per spin. - Source