In short
Podcast Episode Notes: The Price of Music - Over 50 Million Songs Got Zero Streams in 2025
Episode Overview Hosts: Steve Lamacq and Stuart Dredge Release Date: 2025 Main Topic: The impact of music streaming on artist visibility and revenue, highlighted by startling statistics regarding song uploads and streams.
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Key Statistics Discussed
- Total Tracks Available: 253 million tracks on streaming platforms.
- Tracks with No Streams: 55.3 million songs received zero streams in 2025.
- Tracks with Minimal Streams:
- 100 million songs played less than 100 times.
- 146 million tracks (around 58%) received 100 streams or fewer.
- New Uploads: Over 50 million songs were uploaded in 2025, with 106,000 new tracks added daily.
Key Discussions
The Streaming Landscape
- Artist Compensation:
- Artists typically do not receive payment from Spotify and other platforms until a song has garnered over 1,000 streams.
- This policy is debated as it disproportionately affects emerging and independent artists.
- AI-Generated Music:
- Nearly half of daily uploads (estimated at 50,000 tracks) are suggested to be AI-generated, which contributes to a saturated market making it hard for genuine artists to be heard.
- Cost of Hosting Music:
- Discussion on Spotify's hosting costs and carbon footprint due to storing an increasing number of tracks.
- Spotify's emissions are significant, primarily due to cloud services needed to manage the vast library of music.
Artist Viability
- The significant number of new uploads and lack of streams raises concerns about the viability of new artists, as many may not cut through the noise to gain traction.
- The importance of discovering and recommending good music amidst the deluge of new tracks.
The Grassroots Music Scene
- The UK’s Music Venue Trust report highlights the precarious state of grassroots venues:
- Average profit margins for member venues are under 3%.
- Many venues report no profits, and staff layoffs are common due to rising costs.
Bandcamp's Stance on AI
- Bandcamp has banned AI-generated music from its platform, positioning itself as a proponent of human-created music.
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Critical Takeaways
- Implications of Streaming Models: The current model may prioritize established artists over new or independent musicians.
- Environmental Considerations: Streaming services face criticism regarding their carbon footprints, urging them to find sustainable solutions.
- Industry Response to AI: There is a consensus within the industry that the explosion of AI-generated content could undermine the earnings of human artists.
- Grassroots Venue Challenges: The financial pressures on grassroots venues remain a concern, with reports indicating a need for systemic support and investment to sustain them.
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Conclusion This episode provides a complex view of the current state of the music industry, where the sheer volume of content complicates the landscape for artists trying to establish themselves. The discussions highlight the urgent need for reform in how streaming platforms compensate artists and manage the influx of AI-created music, emphasizing the importance of supporting grassroots venues to maintain a vibrant music scene.
Listener Engagement
- Call to Action: Listeners are encouraged to provide feedback or share their experiences regarding missing transport after gigs, and share thoughts on the discussed topics via email.
Contact: thepriceofmusicpodcast@gmail.com
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Next Episode Preview: Upcoming discussions will likely tackle the implications of the latest Music Venue Trust report and the evolving stance of music platforms regarding AI-generated content.
Written by AI. May contain mistakes. Listen to the episode to check what was said.
Chapters
Tap a time to open that second in VOOverview of Today's Topics
0:45 to 2:20
Discussing the major statistics and themes for this episode related to music streaming.
“So we will touch on the latest report into grassroots venues later on and Bandcamp banning AI generated songs from its platform, both of which could have been lead stories in other weeks.”
The Shocking Number of Songs on Streaming Platforms
2:20 to 5:00
Exploring the vast number of songs available on streaming services and implications.
“the popular songs, but also just how many songs are on the streaming services but barely ever get played, if at all.”
Breakdown of Song Plays and Revenues
5:00 to 7:40
Analyzing how many songs receive streams and what that means for artists' earnings.
“who have earned less than a thousand plays on the service?”
Debate on Spotify's Payment Structure
7:40 to 10:00
Discussing the fairness of Spotify's payment model and its impact on small artists.
“So in that world, YouTube and social media, you have to get to a certain level before you earn anything.”
The Rapid Increase in Music Releases
10:00 to 12:20
Examining the surge in the number of new tracks released and its implications.
“and it kind of came with these positive ideas of, yes, this will put more money in the pockets of professional musicians, but it has its future.”
Challenges Faced by the Music Industry
12:20 to 14:02
Identifying issues arising from an overwhelming number of tracks and potential solutions.
“Why have there been 50 million net new tracks this last year?”
Spotify's R&D Costs and Climate Impact
14:02 to 16:49
Explore Spotify's costs related to R&D and its significant climate impact.
“I did find, I mean, a slight tangent, I did find a stat actually for the climate impact of all this.”
The Dilemma of AI Music in Streaming
16:50 to 19:25
Discuss the challenges streaming services face with AI-generated music.
“So how do they decide which AI music might get listeners and which might not?”
AI Music's Proliferation and Industry Reactions
19:26 to 21:48
Analyze the rise of AI music and the industry's concerns over its implications.
“So 5.1 trillion streams, 0.5 % of that is 25.5 billion.”
Strategies for Supporting Human Musicians
21:49 to 23:57
Investigate potential strategies to support human musicians amidst AI competition.
“Streaming services labels, everyone is saying, that's bad.”
Show all 12 chapters
The Voluntary Levy: A Solution for Live Venues
28:04 to 32:52
Learn about the voluntary levy aimed at supporting live music venues and its implications.
“And there's some quite punchy stuff on that, isn't it?”
AI and Music: Bandcamp's New Policy
32:53 to 36:23
Discover Bandcamp's ban on AI-generated music and its potential impact on the industry.
“No, no, it came out of the blue, really.”
Transcript
Automatic transcript. May contain errors.0:02Steve:Hello and welcome to The Price of Music brought to you by Music Ally, the show that both looks at the finances of the music industry, while also bringing you stories and comment about the past week in the pop business. I'm Steve Lamaque, he's Stuart Dredge. If you want an easy guide to what's going on in the music industry and how it all works, then here we are this week. Because we usually start with a list of stories that we're going to cover and then we'll unveil Stuart's big number of the week. But actually, the big stat this week is also, in many ways, is the big story, at least big enough that we are going to dedicate quite a bit of time to pulling this apart this week.
0:41Steve:So that when you walk away from all this, you'll be able to blow your music friends' minds with some of the statistics and the implications which they suggest. Yes. So we will touch on the latest report into grassroots venues later on and Bandcamp banning AI generated songs from its platform, both of which could have been lead stories in other weeks. But I think in terms of the modern music landscape and just how much it's changed in the past 15 odd years, this is the statistic which we should probably focus our minds on. And not just for how big it is, but also what it actually means on several levels, really.
1:19Steve:It's the total number of songs currently available on streaming services, which was announced last week. The number of tracks available on streaming sites has now risen to 253 million. That's 253 million songs available right now. For starters, who's sat down and counted them all? Where does this figure come from and can we trust it?
1:52Stu:I mean, I did. It's been my personal project this year so far, and I finished it slightly early. No, this is from Luminate, which is a company, a research company who they do a lot of number crunching for the music industry. They get chart data in the US and around the world. So they are probably the most well-known analytics research company in the music world. So they come with, you know, they have the chops to make their figures worth listening to.
2:17Steve:Okay, so where should we start? I was interested in the breakdown of how many songs are at the top level, the popular songs, but also just how many songs are on the streaming services but barely ever get played, if at all. Can you split them almost into categories of how many plays some of these 253 million songs have had? Is that possible?
2:44Stu:I can. There's a very neat pyramid graphic in the report. this came from. So yeah, but just a bit of context, 253 million, that's up from 202 million last year. So 51 million new tracks in the last year, which means that a fifth of all the music you can stream was released in the last year alone. So a fifth of the world's music catalog came out in 2025,
3:08Steve:which is kind of crazy.
3:10Stu:But yeah, so what's getting played? So 253 million tracks is what we start with 55.3 million got zero streams last year right no streams at all on any service just
3:23Steve:say that one more time so out of the 253 million songs how many 50 55.3 million 50 55 million songs
3:33Stu:are up there and have never been played okay not in the last year at least yeah okay um then there's another 65.2 million that got one to 10 streams um 62.6 million got 11 to 100 streams so to add that up 146 million tracks which is nearly 58 percent of everything that's available yeah got 100 streams or fewer last year and as we discussed before that is negligible money well we'll come to
4:04Steve:that in a second uh whether they get paid or not um but the so upwards from then so what are we left with about 100 million?
4:14Stu:Yeah, and then there's another 40 million or so that got between 101 and 1 ,000 streams. So basically 223.8 million tracks got 1 ,000 streams or fewer last year, and just over 29 million tracks got more than 1 ,000 streams. So if we're talking about what's really getting played at that level, it's 29 million tracks. Okay.
4:37Steve:Okay. So, see, I've got so many thoughts on this, which I just need to get out of my head, really. Let's deal with the money then. Because wasn't there a point where certainly Spotify, I think, of the streaming services, didn't they come up with a suggestion that we're not going to pay people who have earned less than a thousand plays on the service?
5:09Stu:That's true. This happened a couple of years ago. So yeah, on Spotify, you don't earn the royalties on your songs until you get more than a thousand streams in the last year.
5:18Steve:I'm sorry to stop here. That's not fair, is it? I mean, you've still been played. So, I mean, even though it's a tiny amount, the idea that we're just not going to pay any of these small artists, even if they're artists just starting out, I'm afraid you don't count. And I'm not sure that's fair.
5:41Stu:Well, yeah, this is something that's been an ongoing debate because this originally came, I mean, there's certain parts of the music industry which support this idea. So this came from the major labels.
5:51Steve:Well, what a shock, what a shock there.
5:53Stu:And the argument that's been put forward in favour of it is that those things aren't earning much money, but if you reroute that money towards artists who are getting more streams, who are the ones that they think of as more professional, who are actually getting momentum, you're putting money in the pockets of artists who are trying to make a living. That was the argument in favour of it. But yeah, you're right. I mean, independent labels have been protesting about this recently saying, we think this penalises smaller artists, newer artists, independent artists. So it's an ongoing argument. The one thing that's come out in the last week, and there have been a few people making this point online, is if you cross-reference these stats, so this Luminate report said there's like 223 million tracks got 1 ,000 streams or fewer last year.
6:35Stu:Across all services, not just Spotify. If you apply to Spotify, that's like 88 % of songs on its service it's not paying for. And that sounds, in isolation, that sounds like, what bastards, evil, they're not paying 88 % of the money But then you do then have to think, okay, but remember, 22 % of those tracks didn't get any streams, so they don't need to be paid anyway. You wouldn't pay. But yeah, and I was thinking about how to kind of explain this because I think you're right. In the history of music, if you sold a record, there were royalties, weren't there? Yeah. Every time you sold. And you may have a terrible contract, but you didn't get those royalties, and that's a whole other biscuit of cats.
7:16Stu:but generally every sale would create royalties whereas if you think about a different world if you think about youtube so on youtube i can upload me or you can upload a video whenever we want it might get hundreds thousands of views but we don't get any money from that we have to get to a point and i think you need to have like a thousand subscribers in your channel and you have a certain amount of watch time where you can join youtube's partner program and start earning money from the ads. So in that world, YouTube and social media, you have to get to a certain level before you earn anything.
7:48Stu:And before that, you're just posting your stuff and not earning money from it. So this change in Spotify moved music from this old model where every sale is a royalty towards that world where you have to reach a certain level, be a certain level of popularity before we start paying you. And that's the change that's happening. And that's, again, like you say, some people would look at that and go that's that doesn't feel fair you should get paid
8:11Steve:however little you've been streamed um it's hard though is it i think uh comparing youtube and spotify spotify being is you know is a primary prime is a music service isn't it well primarily obviously it does other things but primarily the music service trying to get essentially sell what is these days people's records and i just i just it just feels slightly wrong and of course as you say the major labels they want the money for the artists who got somewhere uh so so that you know their share of the money i mean the major labels aren't interested in the bands who are earning less than um you know getting less than a thousand plays because they're not on the major labels and they want the money for.
9:00Steve:And this is the other thing. You know, I understand the point that more of the money will go to some of the artists who have got more than 1 ,000 plays and are trying to get somewhere. But also more of that money is going to Britney Spears. Yeah. That's a bad example. Taylor Swift. Let's try and get up to date, kids. Do you know what I mean? So, but, you know, it's going to the top. bad bunnies getting some of some of the money that would have gone you know would have been hypnese but i think it's almost it's the principle of the thing as much as anything because i realize you know if you if you've got 900 plays you are not going to make a fortune you're not going to make a living out out of that but isn't it isn't it partly the the principle of this i think so i
9:48Stu:mean some of the argument coming from independent labels as well is that they may have a lots of a a bunch of artists in their catalogue getting fewer than that. But when you add that up for a label, that can be quite meaningful. So yeah, that's where... So yeah, it was announced at the time and it kind of came with these positive ideas of, yes, this will put more money in the pockets of professional musicians, but it has its future. I've got some more stats again, which shed a bit of context on all this, on what these companies are trying to do and why they're doing that kind of move. According to Illuminate, 106 ,000 new tracks were delivered to streaming stores every day last year.
10:22Stu:So 106 ,000 new songs every day. So here's your pub stat. To listen to all of that, to listen to all the music that's gone up this morning, it would take us more than 7 ,000 hours, as committed as we both are. And I found a Billboard stat. So in 2000, Billboard said just over 35 ,000 albums came out that year in 2000. And right now it's the equivalent of more than 10 ,000 albums released every single day. So that gives you a sense.
10:49Steve:Oh, are we absolutely certain? Because when you said at the start, there's around, what, 50 million new tracks have gone up in the past year. But is that all new music, new artists releasing new music? Or does that 50 million also include people who've put their catalogue on Spotify or Apple? because there are still bands now who have managed to get their rights back so finally they can put their music up. So there will be old music as well amongst that, won't there? It won't all just be brand new releases.
11:24Stu:Yeah, old music, remastered music, remixes of old music, everything. So what we might mention is it's called ISRCs, which if any listeners are interested in this, it's International Standard Recording Codes, I think. It's like the code that every track gets assigned when it's uploaded. so that the students can tell what's different. So this includes multiple versions of a track. So if you, for example, if you're a label and you upload a new single of a band and also then the TikTok sped up version, which is quite popular, that's two tracks, not one. So yeah, in terms of the actual number of new releases, yeah, you can do some sums there.
12:02Stu:But it is a big load. The other thing is this report breaks down. So around 102 ,000 of those daily tracks are independent and DIY releases. So they're not from major labels. And then the other thing, and we're going to get into AI a bit later, aren't we? But AI is a big part of this. So why has this been growing so fast? Why have there been 50 million net new tracks this last year? We know from Deezer last year, we talked about this, around 50 ,000 AI-generated tracks a day are being uploaded to its service. and that isn't half that was about 34 % of its daily uploads which suggests that it's getting about 147 ,000 new tracks a day but yeah so when we talk about 104 ,000 new tracks a day nearly half of them could be AI generated now which is it's the other thing here and that ties into the fact that lots of them aren't being played
12:56Steve:because we talked before about how it comes
12:57Stu:so that's the this is what's all swimming around and this is why this is what's swimming around like I think we're going to talk about what is a problem what can be done And I think people have been realizing that the number of tracks has been increasing and increasing and there's a lot, a lot of noise for years. And we're now in the period of people saying, well, what do we actually do about this? How big a problem is it? And what can be done?
13:19Steve:Just before we come up with some possible answers for that and what the music industry thinks. There's also obviously there are implications elsewhere, aren't there, for companies like Spotify? Because if you are now, if we're up to 253 million songs, how much tech do you need to store all those songs? And how much is it costing a company like Spotify annually to host all these songs? How many supercomputers do you need? And how much of our monthly£12 is going on the equipment, which is just to keep the thing running?
14:01Stu:Well, so I spent a bit of time digging around this morning. I don't really have any good answers because basically Spotify declares its costs in a bunch of big buckets, and one of them is R &D, and these costs come under R &D, which also includes everything else Spotify does in terms of developing its service and things. I did find, I mean, a slight tangent, I did find a stat actually for the climate impact of all this. So Spotify's emissions in 2024, so it's carbon dioxide equivalent, It was 195 ,000 metric tons of carbon dioxide equivalent. That's the kind of figure that's kind of meaningless if you don't understand what it means, which I don't.
14:40Stu:But 35.8 % of that came from cloud. That's how I described it, which is servers, the cost of storing and transmitting music. Again, this isn't just music. It's also podcasts. It's also videos now. And this is also a mixture of people playing stuff and then the storing of it. So in terms of Spotify's climate impact, more than a third of it comes from hosting and storing and transmitting other music. And this has an impact on that, obviously.
15:10Steve:So it would be then, wouldn't it follow that you'd be in the interest of the streaming services to push back on the AI tracks that no one is listening to because they're spending money on hosting these tracks, which no one is interested in and no one's making any money out of. and that doesn't make any economic sense apart from anything else, apart from before we get into the creativity argument about AI. It's just financially, it's not doing anything for them.
15:46Stu:Well, that's it. And this is the dilemma these companies face, I think. And this comes back to the bigger question, those 253 million tracks. So 104 ,000 new tracks a day. If you're a Spotify or an Apple Music or an Amazon Music, whoever you are, I don't think any of them want to say we're not taking that if it's human music like they don't want to say to any human person uploading music no you can't put it on here like I think that would people would be cross at them that wouldn't be a good look so they have to let everything on for humans and I'm not sure they really want to be taking stuff off I'm not sure they want to be in the position of saying well that song for my human wasn't streamed last year so we're going to kick it off Again, I think they'd be storing up trouble and protest for themselves.
16:33Stu:People would be happy. So you're right. Where they can take action is AI music. And they could choose to not have it on at all. Again, that's a little bit dicey because maybe some people want to listen to it. Some of these songs have been popular. So how do they decide which AI music might get listeners and which might not? I don't know how they would decide that before it goes on. they have to let it on and see they could chuck off the air music that's not being streamed and they already do chuck off anything that's being streamed by bots if they detect fraud and activity with an AI song they kick it off but yeah that's the dilemma I have I think they have to figure out how do they if they're going to be not letting something on or taking it off is there a danger it's a real human behind it he'll be cross and if not is it something that might be listened to but that does seem to be the only place they have wiggle room if they want to reduce this number of tracks and this noise.
17:28Stu:I mean, the other approach would be to leave it all on there, but say, actually, we're going to not give pay royalties to the songs that don't have many streams. We're also not going to pay any royalties at all to AI generating music. They could say that. Again, no one's quite taken that step yet, but that may be what's coming next. So yeah, there's a few things I can do, but it's very, very sensitive because I think when we all think this is too many songs, Spotify should do something about it, but many of the things it could do the easiest things would would get people equally gross if that makes sense
17:59Steve:so what does the music industry think and are there any suggestions then apart from the ones you've just come up with of what can be done because if ai the you know the ai steamroller is going to carry on bulldozing its way through the music scene then this uh increase of 50 million this year might be outstripped next year. So where do we see this going further down the line?
18:30Stu:Yeah, well, as I said, so this idea of having thresholds above which you have to have a certain amount of streams to get royalties, that came from the major label side of things. It's still controversial for independent labels, but that's one approach. Okay, we need to have some kind of bar, some kind of quality bar based on listeners, and then that's... The other thing, I think everyone in the industry is unhappy at the idea of this deluge of AI slop music. even if no one's listening to it. So I think there's that stat from Deezer saying it's only half a percent of streams, even though it's 34 % of all the uploads.
19:04Stu:So I think people are looking at this and saying, well, it's not taking lots of money away from human artists at the moment, but it could do. We don't like that. Another stat, actually, interestingly. So Deezer said that AM Music was half a percent of all its streams. Now in this Luminate report, there's a big stat that says there were 5.1 trillion streams last year of music, audio on demand. Wow, okay. So 5.1 trillion streams, 0.5 % of that is 25.5 billion. So there could be 25.5 billion streams of AI music, which sounds enormous, but at the same time is small in terms of all the streams, in terms of the money being paid out.
Read the full transcript
19:50Steve:it's just it's mind-boggling isn't it i was trying to calculate you know you've you came up with a figure for how long it would take us to listen to songs coming out now if you wanted to listen to all the music on our streaming service i think i think it's something like what is it 12 million hours i've probably got that right i mean it's it's just mind-boggling how much music is out there and as i say what is gonna what is gonna happen in the in the future but i mean strangely i guess we should have seen this coming because with a service with any of these services there is nothing apart from rights issues of you know who owns who owns the music there is nothing to stop all music from all time all over the globe being available so we're probably getting off lightly with 253 million well you think think about the old days like so i could sit here now i mean i i
20:42Stu:I am a terrible, terrible guitarist. I can't sing for Toffee. I could sit here and record a song of me playing guitar and singing, and it could be on streaming services next week. And no one would step in and go, but it's terrible. It shouldn't be on there. Whereas in the old music industry, you'd have to get someone to agree that it was worth putting out. You'd have to get a label to say, yes, you think you're terrible. So that's the thing. Those barriers were the first to come down. Anyone can now release anything they want. And that's humans. And like you say, now there's AI, which means that a human really, I mean, how many tracks could a single human being make in a day with the best will in the world?
21:22Stu:Mm-hmm. Even if you just sort of sing it. But with an AI, you could crank out a thousand songs a day easily. So we should have seen it coming and we did see it coming. So yeah, I think the big focus in the music industry right now is, well, the initial focus now is on AI generated music and fraud. So people who are creating loads of tracks with AI to put them on streaming service and then are getting bots to stream them to earn royalties. That's something that everyone is united. Streaming services labels, everyone is saying, that's bad. We don't want to happen. That's taking money away from human artists.
21:55Stu:So let's stop that. And then beyond that, we do get to this tricky thing, which I think is about, again, I think it's about thinking who's trying to make a living from music, which humans are trying to make a living from music and how can we give them the best chance to make money and progress and develop and sustain themselves in their career. And so actually some of the stuff that you were talking about, you feel is intrinsically unfair, the track, that's what that's getting at. Who are this group of musicians that we do want to support and is there a cutoff point? And as you've seen, even just from one Spotify trying to do it, it's very touchy and sensitive.
22:34Stu:but that is once I think the AI stuff is quite simple and everyone agrees on the basic get rid of the fraudulent stuff but I think it's really really tricky because I don't know say I was really good at singing and playing the guitar and I put a song up and no one listens to it that doesn't mean I shouldn't be encouraged think about the bands you love yeah so I think it's it's tricky and I think but I don't really detect anyone really talking about in the same way we're sitting here going 250 million this is this is a worrying thing that hasn't really been a big industry debate but I do think it's something a lot of musicians feel and that's the other point of this actually if you're an artist releasing your first single and you're aware that 104 000 tracks are coming out the day you you release yours I mean it's I mean I'd be I find it hard to stay positive really how on earth do you cut through that noise and so that's the other aspect of this which is like how do musicians feel about this?
23:33Stu:And would they feel more confident if they knew that stuff was being done to give them the best chance of reaching the people who might like them? Yeah, okay. That is the other thing, actually, the other thing that Spotify would say on Apple Music is there's work they can do there because they have put a lot of money and a lot of effort in people at how do you find music and recommend it to people who'd like it. So that is the other part of this. Maybe there is a world in which it doesn't matter how much music is uploaded every day what matters is if the good stuff is being recommended to people who'd like it and there is work they can do there by you know whether it's the clever algorithms where it's the people listening to the releases from like proven labels and saying this band are great i'm going to put them on this playlist quite high up all that stuff becomes maybe more important the more tracks there are i think yeah so it's not just about kicking stuff off or not paying rog it's about how do you identify stuff that's good
24:25Steve:and help it uh your thoughts on any of this drop us a line the price of music podcast at gmail.com very quickly then a couple of bits of any other business um well this one this the timeline of this is quite confusing because once again we're recording on tuesday lunchtime uh which means this evening tuesday evening after we've finished this the music venue trusts it's tonight that the music venue trust the charity which supports and champions uh the uk's grassroots music venues is they're launching their annual reports tonight at the V &A in London. And obviously, we'll report back on that next week.
25:04Steve:We do know some of the details which we can bring you before, because they'll be available to you by the time this podcast is out. But we do know some things, some of the details in the report. And one or two stats. If I just throw one or two things at you, Stuart. So for starters, let's do the basics. So this year, they will reveal that they currently, the Music Venue Trust currently represents 801 venues, which put on 174 ,000 live events in 2025, contributing around 580 million pounds to the economy. That's the basics. the average profit margin for a grassroots venue went up slightly last year, but it's still only 2.5%.
25:56Steve:While more worryingly, elsewhere in the report, it says half of grassroots venues reported no profit at all over the past 12 months. So the margins working at grassroots level are still very precarious. Also, a number of people employed by venues, that's around 25 ,000 people working for grassroots venues around the UK, although that is down by, I think the report says by about 20%, which I think they point to the increase in the employer national insurance contribution as to why venues had to cut staff because with higher staff costs, they just couldn't afford to keep all the staff on. So I think there has been, unfortunately, a case of one or two people being laid off, which I think is actually a problem across a lot of small businesses.
26:49Steve:But the number of venues closing appears to have slowed down. To balance that up, though, we should also point out, as the report does, that the Music Venue Trust has its own emergency response team. This is like a team of experts who are ready to help out venues who've reached a crisis point or other for whatever reason. And it could be things like disputes with landlords, noise complaints, threatened redevelopment, all those sort of things. But last year, the NVT's emergency response team dealt with 205 cases. That's a quarter of all the venues faced a point where they thought they might have to close.
27:34Steve:before the mbt stepped in um which sounds but the only thing about having having read what i have you know what i have of the report so far you do get the impression and i think talking to one or two people in grassroots there is also the impression that i think people feel that we may be about to turn a corner because i mean there are noises coming from the chancellor that the you know that awful business rate increase which we talked about uh which happened uh which was uh which was unveiled just before christmas we're hoping that that might be mitigated for the hospitality sector and that would help there's also potentially there's money coming from the live trust so i think there is there's a cautious note of optimism but we'll obviously find out more
28:24Stu:tonight well yeah i saw there was a sentence i picked out in i think i don't know if it's a press release sort of report but it was like it's no longer just about rescue it's about working
28:32Steve:with partners to deliver investment and reform and that is a key message to me that because i
28:37Stu:think that this version venues are closing we have to save them that's been a really strong message hasn't it but they seem saying but that's not the only story there's a positive story to be told here about investing and making them better and building it and building saving so that's the The other thing I picked out was this voluntary levy stuff. And there's some quite punchy stuff on that, isn't it? Are they setting June as a deadline saying that's when there has to be a levy agreed by the whole live industry, otherwise the government should step in?
29:08Steve:Well, it's about the take-up. So obviously the voluntary contributions have started coming in. Bands, loads of bands, we can't list them all, But thank you very much to all the bands and promoters who have bought into this, where any gig above 5 ,000 capacity in an arena or a stadium, the idea is that a pound from each of the tickets sold goes to the live trust. and the live trust then spread the money out through the grassroots ecosystem, whether it's to the venues themselves or new and emerging promoters or micro festivals or the artists themselves actually to help artists go out on tour so the money will go there.
29:51Steve:The ask of government, government got behind this idea that the industry should find a way of solving the problem of small venues closing, that the industry should do it themselves. So it's backed by government. Obviously, there's a new minister has arrived on the scene, a new culture minister, who very early on said, I'm really backing this scheme, but I would like to see the take-up of it as a voluntary scheme. Even though it's a voluntary scheme, I'd like it to feel more like a statutory scheme. I'd like more by it. Yeah, I want to see the take-up of this up to 50 % by X time. And then, you know, ultimately, we should be as close to 100 % of people taking part and contributing a pound from their big gigs.
30:48Steve:But yeah, there are deadlines along the way, which obviously we'll see. And as you say, the thing is, if they set an ultimate deadline, if DCMS ultimately sets a final deadline, which is possible, I guess, that they will say, right, you haven't done well enough. Not enough people have entered into the spirit of this. You can't be trusted as an industry to save yourselves. So we are going to bring in, we're going to table a mandatory levy and we'll put that across the top end of the industry. It's up to you. So that's where we are. But the first money which has arrived at the trust, the first set of, do you call them grants?
31:38Steve:I think you do. The first tranche of awards, financial awards, will go out pretty soon, I think. And then it will be interesting to see how that affects the grassroots. but I think it is a bit positive, it is more positive and I think it'd be great this year, as I said on last week's programme and just before Christmas. No one wants us banging on about venues closing down and it would be much better for everyone if the narrative was, do you know what, your venue down the end of your road has just got a new sound system or the bogs are nicer, the lights have been done, they've got better inclusive access at the venue due to the fact that we've raised some money to make the venue a nicer place and a more inclusive place for people to go.
32:32Steve:Those are the stories that we would much rather be telling.
32:35Stu:This is what I want from, we should tell the Music Venue Trust, next year's report, I want a percentage stat for nicer bogs. What percentage of venues funded last year by the Trust have nicer bogs now? Because that could be a strong...
32:47Steve:Starting in King Tut's, starting in Glasgow at King Tut's, well there's a there's a running gag for regular listeners uh finally this week i mean we've been asking recently or even uh last week we mentioned this uh we're asking what and even earlier in the show what are streaming services going to do about ai and what's you know angle uh some leading investors in music might take uh well last week band camp came out and banned all music which is entirely or substantially created by AI. And I didn't see this coming.
33:28Stu:No, no, it came out of the blue, really. And yeah, and if anyone, I mean, for listeners who don't, Bandcamp, Bandcamp's not, you can stream music on there, but it's more of a stores platform where artists and labels can sell music to their fans directly. And yeah, and I think you've got to the number of it there. Music and audio generated wholly or in substantial part by AI is not permitted on Bandcamp. And you can even, as a listener, you can file a report if you think something is AI generated, which could be misused if there's a band you don't like. I think they're AI. But very clear, very clear right now.
34:06Stu:And they've also banned any use of AI to impersonate other artists or styles. So if you are using AI to kind of make, you know, do a vocal clone of another artist. So the whole point here is we're putting human creativity first. It's a very kind of strong stance. And like you say, it's kind of come out. It's been the first big music platform to say we're banning it entirely. The little question I have, which is not poking any kind of any shade at them, is that line of substantially generated is quite blurry and may get blurrier still. How much of a work has to be the human before you let it on?
34:45Stu:And how do you tell? At some point, someone might be in a studio using AI to create the samples, then using traditional tools to make a song then singing over the top of it and then using AI to make their voice sound different that all gets quite blurry but if you're going to set a policy you know you'll deal with those things so I'm sure they're aware of it and I think it I've been thinking about this for a while let me run this past you and see if you think it's good you know that whole thing about fair trade goods, people buy fair trade goods because they want to know they're buying something ethical i wonder if human music is going to become a little tag like that like the more you say this is human music or the more as a platform you say we don't allow i own music does that encourage people to come and use you like is that does it become a selling point in that way yeah well this
35:33Steve:i mean this did you see will i am's um statement on ai last week oh no go on well i'm not we don't have time to do it all here we may do it let me come back to it in the lock-in but he was trying to and he's part isn't he he's an investor in an ai company himself yeah and he was basically saying look oranges do you know if your oranges are organic do you care if your oranges are organic otherwise you just buy oranges and it was a really complicated kind of an analogy but i think he was coming at it from that angle of, well, you know, if you only want organic oranges, then, you know, don't get involved in these oranges.
36:19Steve:Thank you very much for that clarity. And that will do it for this week. Thank you very much for listening. We may come back to that Bandcamp story, certainly, as I say, possibly more on the Music Venue Trust live report next week and what it really means to us as fans going to see bands in small venues. We'll possibly do that more next week, particularly if we can get a guest on to talk about it with us. But in the meantime, thank you very much for listening. If you are into what we're trying to do here, which I said last week is basically trying to demystify the industry one very small step at a time, do feel free to pass the word on to friends, family, colleagues, somebody on the bus you sat next to who's listening to music um anything anyone um bring them this way direct them this way you can of course in the meantime support us via patreon and sign up to be a super fan which gets you an extra um bit of the show uh which we call the lock-in there's an extra 15 minutes of bonus material uh for anyone who chooses to become a super fan at patreon.com slash thepriceofmusic, or if you'd just like to get in touch with us, it'd be nice to hear from you.
37:34Steve:With any thoughts, send us an email to thepriceofmusicpodcast at gmail.com. Until next week, take care. Goodbye.
37:59Thank you.
From the publisher
Your weekly guide to the music biz and how it all works – and this week, Stu’s Big Number is also the Big Story – and here are some mind-boggling facts to bewilder your friends with:
There are now 253 million tracks available on streaming sites
… and 55.3 million songs were not played even once in 2025
(And, over 100 million songs have been played less than 100 times)
Over 50 million songs - 20% of all the music available on streaming – were uploaded in 2025
106,000 songs were uploaded each day - that’s 7,000 hours of music or 10,000 albums per day
Naturally, this gave Steve and Stu a lot to talk about, including:
On many platforms, artists don’t get paid until their song gets over 1000 streams – is this fair?
Nearly half of those daily song uploads might, data suggests, be AI-generated – and this means more noise for real artists to fight through to be heard.
How much does it cost a company like Spotify to host all this music? (And what about the carbon footprint?)
Should the platforms pay money out when AI-generated songs are played?
If there were 50m+ new tracks last year, doesn’t that mean there will be even more this year - and who wants this AI slop?
Also this week: the UK’s Music Venue Trust released it’s annual report which revealed, amongst the data, that the profit margins for its member venues are razor thin – under 3%.
The state of play for grassroots venues is still precarious – Steve digs deep into the data. Plus – music platform Bandcamp has banned all AI-generated music from its platform.
And in the special post-show lock-in section just for our Patreon Superfans, Steve and Stu prop themselves at the bar to chat about:
A question for you, dear listener: have you ever missed the last bus or train home after a gig? Did you end up sleeping in a bus shelter? Let us know! thepriceofmusicpodcast@gmail.com
(Steve remembers spending a lot of time trying to nap at Liverpool Street station having missed the last train home… and which superstar band was “so bad” that Stu got accidentally drunk and fell asleep on the train on the way home?)
Steve’s Shameless Plug – after months of praise, he finally got Little Grandad into the famous BBC Maida Vale studios for a live session [https://www.bbc.co.uk/programmes/m002ps7b]
Which big towns and cities are starting to be left off touring schedules in the UK? (people in Coventry, Stoke and Milton Keynes may wish to avert your ears)
And what happens to artists and music fans if quality emerging artists are not able to go and perform in cities (very slightly) off the beaten track?
Some of the biggest songs on YouTube are… nursery rhymes. One Wheels on the Bus video got over 2 BILLION streams in 2025, and Bah Bah Black Sheep is the 15th biggest video of ALL TIME.
And finally… a company called Alan’s Factory Outlet has a fascinating/hyperbolic piece of indie band data.
As ever, we welcome your feedback, emails and – in particular – any questions you might have about how the music biz works!
Email us: thepriceofmusicpodcast@gmail.com
See you next week!
Steve and Stuart
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