![]() “It’s not working for the artist right now.” In the world of streaming, he adds, no such agreements have been put in place. The founder of venture capital firm Casa Verde Capital-reportedly worth at least $200 million-then directly addresses the audience of business leaders: “I don’t know who’s running the streaming industry-if you are here or not-but you need to give us some information on how to track this money down, cause one plus one ain’t adding up to two.”Īmid laughter and cheers from the audience, the recent coffee brand founder said the problem was the “main gripe” with artists at the moment, as profit percentages had previously been agreed off the back of physical sales. ![]() “Streaming got to get their s*** together,” Snoop-real name Calvin Cordozar Broadus Jr.-batted back, highlighting that massive streaming figures aren’t translating into big payouts for artists. The outburst came following a question from Larry Jackson, formerly the creative director for Apple Music, who spoke about an “exciting time” for the hip hop genre courtesy of its popularity on streaming platforms. In an event held at the Milken Institute Global Conference earlier this month the Gin and Juice rapper said he was going “off script” and launched into a rant-which has since gone viral-about streaming platforms.
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