Songtradr is a music licensing middle man, charging both artists and those looking to license their music, and somehow despite money coming in at both ends they were losing money in 2022. That does not bode well for the status quo at their new acquisition, Bandcamp, especially considering that their very first move was to fire half the staff. Songtradr doesn’t care about artists or music fans, their singular and only priority is entangling artists and music distributors in their licensing scheme. They’re middlemen. Middlemen are great for exploiting the free market for profit. Middlemen are at best an additional drain on profits for everyone else. Bandcamp was one of the few places you could buy digital music that really felt like ownership and not licensing locked behind DRM. The songtradr acquisition has the potential to kill development of that kind of digital and DRM-free distribution marketplace and limit investment in anything else that tries to do something similar. If songtradr continuing to lose money after the Bandcamp acquisition, it will be an example to all investors that DRM-free digital music cannot be profitable.
Songtradr is a music licensing middle man, charging both artists and those looking to license their music, and somehow despite money coming in at both ends they were losing money in 2022. That does not bode well for the status quo at their new acquisition, Bandcamp, especially considering that their very first move was to fire half the staff. Songtradr doesn’t care about artists or music fans, their singular and only priority is entangling artists and music distributors in their licensing scheme. They’re middlemen. Middlemen are great for exploiting the free market for profit. Middlemen are at best an additional drain on profits for everyone else. Bandcamp was one of the few places you could buy digital music that really felt like ownership and not licensing locked behind DRM. The songtradr acquisition has the potential to kill development of that kind of digital and DRM-free distribution marketplace and limit investment in anything else that tries to do something similar. If songtradr continuing to lose money after the Bandcamp acquisition, it will be an example to all investors that DRM-free digital music cannot be profitable.