Subscription streaming platforms are expanding payouts to more music creators than ever before, but top artists still capture the vast majority of revenue.
The streaming era has made distribution and discoverability easier for a wider group of artists, but it has also reinforced the dominance of the biggest stars. The Pareto principle — which states that 80% of outcomes tend to come from 20% of inputs — is often referenced to describe the market share of top earners in a given industry.
"In music, it has always been much worse than that. And in the streaming economy, it's much, much, much worse than that."