Busta Rhymes: Streaming pays in a currency that doesn't exist
Busta Rhymes, a recording artist with a 35-year career, expressed frustration with current streaming royalty rates, likening compensation to "a fraction of a penny" in a currency that "doesn't actually exist." During an interview with Yahoo Finance, he questioned the logic of accepting such de minimis payments and highlighted the difficulty of auditing these payments. While not ruling out selling his music catalog, he emphasized the importance of artists owning and monetizing their intellectual property through various means beyond streaming, such as vinyl, CDs, cassettes, and merchandise.
The conversation highlights a significant debate within the music industry regarding fair compensation for artists in the digital age, with potential implications for how artists manage their careers and intellectual property.
The interview also touches on Busta Rhymes' new album 'Dillagence II,' his musical influences, the evolution of the music business, and his thoughts on generational wealth.
BUSTA RHYMES STREAMING ROYALTIES MUSIC BUSINESS INTELLECTUAL PROPERTY