{"author":{"username":"derekhoiem","displayName":"derekhoiem","fid":336103},"timestamp":"2026-10-26T16:24:56.000Z","text":"Jimmy Iovine recently made a blunt call on the Founders podcast: music streaming services are \"minutes away from being obsolete.\" Joel Gouveia broke down why in a great Substack piece.\n\nEvery platform offers the same 100M songs, turning music into tap water. Worse, the math is upside down. Unlike Netflix, where a show's cost is fixed, Spotify pays out ~70% of every dollar. Apple and Amazon run music as a loss leader for iPhones and Prime, while standalone streaming gets squeezed.\n\nIovine's sharpest point is that streaming is a one-way \"ATM machine.\" Spotify guards listener data because keeping artists from reaching their fans is its only moat. Add pro-rata payouts that funnel indie listeners' money to the top 1%, and working musicians get starved out.\n\nThe next decade belongs to direct fan ownership and micro-communities: getting 1,000 fans to care forever instead of chasing a million passive plays. Where do you support artists directly?\n\nhttps://joelgouveia.substack.com/p/the-death-of-spotify-why-streaming","links":[{"url":"https://joelgouveia.substack.com/p/the-death-of-spotify-why-streaming","title":"The Death of Spotify: Why Streaming is Minutes Away From Being Obsolete"}],"farcaster":"https://farcaster.xyz/derekhoiem/0x90723a393e5c317f22dd680c0d400eb77fc765a2","firefly":"https://firefly.social/post/farcaster/0x90723a393e5c317f22dd680c0d400eb77fc765a2"}