Re-Van Dyke Parks

From: Dale Cooper
Subject: Parks's math is wrong big time

I am surprised nobody wrote to you about Van Dyke Parks math since it was so obviously wrong. Nobody ever said musicians were good at math, but I hope he has a good business manager to manage his own money!

Looks like he has the Spotify rate too low by a factor of 1000x. He says Spotify pays 0.00065 CENTS per stream, while Spotify's disclosed rate is $0.006 to $0.0084, which is in DOLLARS not CENTS!

http://www.spotifyartists.com/spotify-explained/#wait-i-thought-spotify-paid-a-per-stream-rate

So he mixed up dollars and cents, which made the rate 100x too low, and then just adds an extra zero in too for good measure. Parks' rate of 0.00065 CENTS per stream is $0.0000065 per stream, so he is 1,000x lower than the actual rate. So Spotify is saying they have paid 6/10ths of a penny per stream, Parks is saying they pay about 65/10,000ths of a penny! His 100,000 streams works out to 65 cents total!

Now, at Spotify's disclosed rate, his 100,000 streams would pay about $600-840, not bad for one afternoon's work. Many musicians I know would be thrilled to make that much for an afternoon's work. Of course, that money gets split up among rights holders, but there are also more platforms than just Spotify to stream the song too.

("Van Dyke Parks on How Songwriters Are Getting Screwed in the Digital Age": http://thebea.st/1pENnZC)

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