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The music industry, at just about every level below the C-suite, has had enough. The recording business is still haunted by its 2000s slump, which resulted from a rapid decrease in physical and digital unit sales as well as the fallout from multiple economic recessions. Yet it’s largely recovered from those lows: The industry has been consistently profitable as a whole since 2014, thanks primarily to streaming and, in part, still-growing vinyl sales. But both artists and label staffers have time and again made clear that the industry’s newfound wealth is not trickling down to most of them; unjust label deals and the complicated mechanics of streaming finances have excluded them from this economic turnaround. And, after experiencing decades of career precarity while falling back on a fragile safety net, receiving little to no government support, and facing relentless deprivation due to the pandemic-induced economic crash, musicians and music workers in all sectors of the in ....
“It’s also kept me sharp,” No says. “About once a week I post either an at-home video or demo or something like that for my supporters. If I didn’t have Ampled, I don’t know if I could be forced to release something music every week. It’s kept me on my game even though I’m sitting in my house.” No is one of a number of musicians who have found cooperative funding integral to sustaining a career in the arts. The platform she used, Ampled, is one of six artist cooperative organizations to receive a $25,000 grant from AmbitioUS to sustain their work. Five of the six groups will also receive technical assistance from Uptima Entrepreneur Cooperative throughout the grant period. ....