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Comment by rodgerd | Hacker News Reader

> I think he meant, "This is a platform owned by established, rich, and ageing artists, whose resolve to assist up-and-comers should rightfully be questioned."

An actual artist-owned platform (a co-operative model where artists = shareholders) would actually be pretty awesome.

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> But one executive involved in the negotiations, who spoke on the condition of anonymity because the deals were private, said that participating artists were being granted shares in exchange for their good-faith efforts to supply exclusive content

I think the problem with an artist-owned platform is that I actually want the platform to be agnostic in terms of what is actually surfaced. When I open Rdio, I can see what's popular amongst everyone, my network, or just me. I don't want that to be affected by the owners also being the product.

What really concerns me is the double-talk.

> “I just want to be an alternative,” Jay Z said. “They don’t have to lose for me to win.”

But the strategy is clearly going to be largely based on exclusive content. This doesn't mean Rdio and spotify lose, it means the fans lose because they have to spend the time and energy they would normally put into enjoying music towards weighing the different streaming options.

I guess Jay said it best: "I'm not a businessman, I'm a business, man." That's the artist that owns this "artist-owned" platform.

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