Remember Prince warned us about this years ago.

Soon as I moved to LA I realized artists were broke, film industry too

Times has definitely changed. You don’t need a major label anymore.

The music industry did it to themselves by not putting real music out.

Literally damn near EVERY song on various Spotify playlist sounds EXACTLY the same in every genre, except underground Hip Hop.

Streaming Killed Music. Once it became expendable. Where you no longer have to purchase physical copies. Businesses and listeners lost ...

Labels did themselves in with their greed. The need to control the market has killed the market. When the entity that owns a monopoly on the market is incompetent, the whole market will crash.

Great Hip Hop and RnB music left with the record stores 5:46

It’s definitely all about having a side hustle Rihanna didn’t become a “billionaire”until she stated a skin care & lingerie line she’s in no rush to put out an album.

I actually miss going to the store on Tuesdays to buy CDs. The streaming services don’t have the same quality of music that CDs provide.

America is done not just hiphop

A lot of K-Pop artists are American. Asian American rappers that didn’t pop here, go back overseas and get bread. Snacky Chan was an Indie, Backpack rapper in the states but became a K-Pop artist in Korea. Chinese wise, Jin didn’t pop in America so he went to Hong Kong and got paid.

How is there American K-pop when K-pop is a bad imitation of American pop in the first place 😂😂

Prince called it! God rest his soul.

UNDERGROUND RAP IS BACK THANK GOD! BACK TO THE MIX TAPE ERA !

The one thing that Joe is ABSOLLUTELY right on here is the fight between UMG and TikTok - the number of acts stranded on UMG and all of their subsidiaries that just lost the promo mechanism that the industry has been aggressively telling them THAT is what they must do to get the kids (and god help you if you built your audience there)... it's already impacting the charts en masse and it's going to leave a lot of acts "underperforming" when in reality it's far from their fault.

I love these conversations because I feel the JBP and to an extent Akademicks are the only ones giving it up on the music industry like this.

Hot take from Joe but I see it, artistry and talent isn't important, streaming and virality is to labels. Look at the quality of music last year

The mainstream basically pimped Hip-Hop and saturated the market with it until it became played out and everyone got sick of the sound. They aged the genre like a presidential term. I saw this shit coming 10 years ago when blockbuster movie OST's were crammed full of Hip-Hop tracks that didn't even fit with the movie at all. They're moving on to the new cash-cow which is Latin music.

There is nothing new under the sun. Support independent artists, they are the ones with the creativity in there genes because of passion. Nothing has been original in a very long time and I mean going back to the 1800’s. Music is constantly recycled, has been for generations, nothing necessarily wrong with that but I also think it’s over saturated, it’s too easy, accessible to do music now, SO much content being thrown out it just makes you want to listen to your small circle of artists and that’s it.

I remember SchoolBoyQ said he makes more money golfing.

Being part of the music industry must be HELL

Another problem is ppl think clout and followers equals more streams

Joe has been on point from the start

Chuck Barry! OMG! I was screaming at my screen 😂😂

Great time for the independent artists.

This was a good take. I think artist made the most money from 2003 to 2012. Any artist that were new solo artist during those time periods probably still have a lot of money (like bey, ye, drake, Adele, Rihanna, Bieber, etc)

Being able to come up from any Online streams has affected the game across the board

Yep, they stopping ninjas from getting paid with rap/hip hop. Time to take control and start making cds and start back selling them out the trunk or getting a website and sell your music from there. And once you establish that, STAY AWAY from those record labels. DO YOUR OWN THANG!!

its happening in the clothing business also.

Customers’ taste change every 7-10 years. New times 🤷🏾‍♂️

I wanna know were was parks wen DR UMAR came on the show 😂😂😂

I’m glad Parks is getting more video time. I respect his contribution to this pod. Dude dropped knowledge with the royalties input.

I don’t like cover songs…we need new lyrics about different topics

Record labels are screwing artists with these unfavorable contracts.😡

Lmfaoooo was that the blazing squad 😂😂😂😂

I see they watched French Montana sit down with DJ Clue 😭.

Money is in SYNC music (for ads, movies, radio etc) that’s the direction I’m trynna go in😴 yes to artistry but bills and holidays gotta get paid…

This is interesting to listen to after the Larry Jackson interview when he said hes moving into country music aand on the board of a major tech company

I came up on lil Wayne , ludacris , Mario , kid cudi , The dubstep faze (also kid cudi) , linkin park, ne-yo, G unit , UGK , Nipsey hussle , early drake , T.I. , Jason Derulo , Trey Songz, Lloyd , OutKast, 2 pac , biggie, mob deep , 3 6 mafia, Afro man , tommy wright ll , and the list goes on, all these artists had completely different styles, then soulja boy and Chief keep came and took people to a new sound that was good at first but also the beginning of the end and they are part of the reason we are here today and all the old heads complained and warned us and here we are, I don’t even listen to music anymore when I’m driving and when I am I’m dam near forcing myself to listen to shit I have to back to old music just to enjoy it and I’m still in my 20s and already feel like an old head

Joe i like this show better than the old podcasters. Could i be apart of live audience one day

Mel is fire. This was a good conversation

This is great! Now that the money gone the artistry might come back but it gotta lay low for a few

The sad truth! Thanks Joe for bringing this talk to the forefront!

Nothing but facts

This is why im goin to continue to grow 🪴 more Independent be my own Boss gettin my own Big Bag 💰 own everything of mine Cut tha Middleman off create & signed my own label soon💯

as a music publisher, the biggest market for business opportunities is outside of the US, Latin America my guys are booking 5 to 6 shows a month and KZfaq and SoundCloud is the biggest markets to get exposed to easy money. granted pps is lower but it balances out

Where yall get that black Charlie Brown from?

Parks get it on this one. Good point about covers

Damn it seems like we’re in the dark ages again with Hip-Hop and rap. K-pop was hella niche in the early to mid 2010s now it has become more popular. Artists in South Korea are making hella bread.

The song you played was from a 90s UK pop band who were signed to Rocafella

JOE DEFINITELY HIT IT ON THE NOSE WITH THIS ONE!!!!

Streaming platforms took over because it became too difficult in the technology age to protect the content. Technology continues to advance. What many miss while still relying on distribution platforms is that it is becoming more possible to protect your own content. You will see more artist going direct to consume in more creative way and you will see a new age version of the mixtape era and eventually some blockchain platform where mechanical royalties can be distributed instantaneously will come to knock off the giants

Whitney sang I will always love you and it made big bank for Dolly Parton because it was her song originally.

8:04 I've heard this somewhere once before the Elvis stole music I don't know how true that is but I did hear that I'm from Memphis and I did hear that I think it's sort of like the comedians with Katt Williams was talking about if somebody can take your material and get big before you do then I guess that's the norm. I do music that's a very well happen to me. I think it's one of the lowest things you can do to a person though.

I don’t either

It’s all y’all fault! Y’all let rap artists go super sonic on autotune and call it a hit! Im still a boom bapper but it’s gotta be good!

One of my songs was covered during this UK run discussed here. TRUST ME, it’s a good thing.

NAS is still killing it

We need original lyrics and compositions!

The landscape of rap has shifted significantly, with a noticeable emphasis on constant dissing and confrontational lyrics. This approach has left many feeling fatigued and yearning for a more evolved form of expression. Where are the days of Lauryn Hill's soulful storytelling or the uplifting narratives akin to "Jesus Walks"? Moreover, the camaraderie of group rap songs seems to have dwindled, replaced by a trend towards sampling without much originality. Perhaps it's time for a return to the basics: rich instrumental productions and albums that delve into deep conceptual themes. We crave tracks that uplift and inspire rather than perpetuate conflict. The era of incessant dissing feels outdated; it's time for rap to embrace a new era of authenticity and creativity.

What's the name of the music genre that the uk artists are singing 90sR&B? I GOTTA HEAR THIS ISH!

Yeaaaaa i remember back in the late 90s early 2000s in UK all the american covers/remakes/interpolations were crazzzzzy. The best was Lamar - 50/50 on the Cant knock the hustle beat but worst must go to Blazing Squad for Crossroads 😂

So when everyone was going into selling their catalogs and rights, no one saw this coming?

This is what you get when you: - Depend on audiences and big tech to control who gets seen and keep following trends (algorithms) instead of creating them - Dont develop, sign, and invest in strong talent that will last for decades - Make terrible deals with platforms that give horrible payouts for streams In the end, if the artists arent having a good time, eventually nobody will. Word will get out, the talent will figure it out and eventually leave the table. Also, influencers have been a bug in the system that takes that attentioj away from potential musical talents

Soon as the 360 deal and mixtapes got big, I knew it was a problem

That’s why Master P, Jay Z, Birdman & Dr Dre made so much money. The era of music where artists made money is over.

Artists have been covering each other's songs for years! It's only really shunned in Hip Hop because rap is supposed to be about authenticity!

This is why they’re buying all these rappers catalogs so they can recycle their lyrics with these ai rappers

Facts lol I agree all day with Joey

It’s all coming down, good

Whitney Houston (RIP) made a bunch of cover songs, including "I Will Always Love You" by Dolly Parton. Cover music is like re-releasing Jordan models in different color ways; very profitable if the consumer loves it.

Probably reason why American artists are collaborating with UK Artist a lot more than in the past. Initially UK artists created their own lanes expanding through out Africa, most European countries and Australia not relying on Labels.

About the music industry, the best thing that could happen to artists today would be an app that let you register your name as a label, so upon registration in the app, you the "artist" is the brand and become automatically your own label, allowing you to keep all your publishing, all your masters, and all your royalties. Everything you create you own, making the major record labels completely obsolete for the music industry we know today and for all future generations to come.

That’s why, even after all these years, I still listen to immortal technique daily. Hes the goat

Joe says all the artists are broke and aren’t making any money from music 0:02 but then says that he doesn’t know if this is true because he can’t get the information from the top though 0:22 He just contradicted himself in 20 seconds . Joe will say anything for clickbait! 😱😱😱😱😱

The lack of knowledge towards covers in music... is uncomfortable

Hip Hop isn't dead. But Hip Hop on major labels is completely done.

in a few years, the headline will be Joe Budden Exposes The Podcast Industry & Spotify | "All of Them Are Broke!"

It's been like this for a while hasn't it? Get a deal. Tour. Market products outside of music. Repeat. No-one really buys music anymore, streaming made sure of that.

NO lies and touring is definitely done if they're signed to a 360.

Overseas is where the money at. Japan Hip Hop scene is booming id collab with that market for sure

What's that hat Joe be wearing

Parks right on the money, Luther giving us them joints, man even Usher and Lil Jon with Lovers and Friends, covers are great, unless you not the writer

Basically like the housing market/ bubble burst in 2008-2009

So it's safe to say Jay was ahead of the game.

Bringing up the UK pop acts redoing those songs had no business being in this conversation, that was all done in the 90’s it’s not new 🤦🏿‍♂️

Hearing this argument created a lightbulb moment for me….could THIS (the potential future of just producing song covers) be the reason people are paying premiums NOW to buy artists’ catalogs? Bc they know it will pay off greatly down the road as the trend shifts to song covers? 🤔

Country music is THRIVING

Universal music group just bought major shares in the nigeria record company mavin music , thats the biggest record label in Afrobeats and as far as afro beats/ afro pop music genre that as currently taken over the world,same genre serena gomez had to lean on to get back on big time again, same genre that gave drake his biggest hit one dance till date etc, highly ironic same time mavin got millions of dollars to buy highest stake in the biggest afro beat song in the world they laying of staffs in American urban genre music divisions , says alot were they are shifting towards in the next cominh decades, rap and pop is now getting to be back genre music like rock and country turned at the dawn of the 90s and finally the mid 90s, the new buying abd music streaming demography are the teenagers to early 30s adults who actually are more of immigrant kids of africans and Hispanics and east Europeans that are drawn towards afro beats and afro pop sounds abd now more recent the new main stream emerging second big genre k pop music genre, the milleanials are dictating album sales and concert ticket tour purchases and tour merchandise sales, the same way me and my now early and mid and late 40s years old demography dictated huge rap and rnb and pop music sales in the the early mid and late 90s to 2010 facts , welcome to the new world , yall see how fashion brands like Timbaland shoes, fubu , wu wear , puma etc are endorsing and co signing with nigerian urban artists like burna boy, davido,rema ,odumodublack, Adekunle gold etc 🇳🇬🇳🇬🇳🇬🇳🇬🇳🇬🇳🇬🇳🇬🇳🇬🇳🇬🇳🇬🇳🇬🇳🇬🇳🇬

Rihanna is a great example of that, that’s why she been gone when she realized where the money is at .

This topic is probably one of or the most important topic discussed ever. U guys touched on something really 🔥🔥🔥 and they don’t like it. If u were hoping we share this, no luck. FB banned this vid. You’ll have to settle for a like.

About 2/3 of all country songs are covers. That's interesting how that's happening with 90s R&B

They’re definitely fixing to start taking our music from the 90’s and put a 🧑‍🤝‍🧑 face on it. Thats why they started buying up all those artist publishing a few years ago.

IMO in reference to hip hop, DSP's cost rappers their passion. It's all about getting streams instead of really becoming "King Of Rap". In MP3 DatPiff/HNHH/WSHH days it was a lot more hunger. Plus a lack of artist development. So the product became disposable which made it less lucrative. The formula of flooding the streets with mixtapes to draw in the audience became lost. Posse cut remixes/ Cyphers/ Radio freestyles all just died down. Niggaz don't even debate who's the best anymore cuz they all here today and gone tomorrow.

It’s crazy because I grew up never thinking about making money selling albums or streams. Always thought about just capitalizing off of my notoriety.

I think the better question is how can we be innovative while using AI as a tool to get what we want. We at heart are creative beings so it’s like let’s pivot and think of a creative way to use AI

Rap has nothing new to talk about. Got away with changing the sound every few years, but it's running out of steam. Very few rappers make timeless songs.

Schoolboy q sold less then lil tecca never forget that

Artists like Spitta and Larry June are getting to the bag for sure, but as they already said indi artists are exempt. The indi artists actually have organic core fanbases that will go to their shows, buy merch and consume their music on a consistent basis. A lot of these mainstream label signed artists don’t have really have any of the above, so they will inevitably fail once their labels stop propping them up.