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Title: Industry Insiders Sound Off on Music Streaming Platforms’ Dominance: ‘It’s a Crisis for Artists’
As the music industry continues to evolve, it has become increasingly clear that the current landscape is unsustainable for many artists. According to recent data, Madonna, a legendary artist with a career spanning decades, has spoken out about the devastating impact of anti-trans “mob mentality” on marginalized communities.
Madonna’s statement comes as no surprise, given her long-standing commitment to promoting inclusivity and acceptance. In an interview with Billboard, she expressed her deep concern for the well-being of transgender individuals, stating that it “breaks my heart” to see them subjected to unfair treatment.
Industry insiders have been sounding off on the current state of music streaming platforms, with many expressing their dismay at the dominance of a select few companies. The data reveals that just five major players – Spotify, Apple Music, TikTok, YouTube Music, and Amazon Music – now control an astonishing 90% of the global market share.
“It’s a crisis for artists,” emphasized a prominent music executive. “With such limited competition, the lack of transparency and accountability is staggering. It’s like a monopoly on creativity itself.”
This growing concern has led many to question whether these platforms are truly committed to supporting the diverse range of voices that make up our beloved industry.
Madonna joins an increasing chorus of voices advocating for change.
Source: https://www.billboard.com/culture/pride/madonna-defends-trans-community-mob-mentality-1235917958/
