As you might have noticed, the global economic system has hit a bit of a…snag—namely, the United States upending almost 80 years of foreign policy with little-to-no clarity on process, structure, or medium-term aims. That’s right, baby…We’re talkin' tariffs! Now, some of the impacts are, to be honest, pretty straightforward: Those Mexican strats? Those Roland 808s? Those T-Shirts at the merch table? Tariffed!But, in typical Money 4 Nothing fashion, we look past the headlines and try to think through the broader implications of the New World Order. What could a recession do to an industry that’s already seeing a slowdown in streaming growth? How might a stock market crash impact the balance of power between tech firms and “counter cyclical” major labels? Will travel bans hit superfans? And, perhaps most importantly—just how much of our contemporary culture industry is based on the world’s century-long embrace of American identity? Come for a quick tour through “recession pop.” Stay for our totally justified gloating about predicting, not ALL of this, but definitely a LOT of this.Money4Nothing is a podcast and newsletter on music and capitalism produced solely by Sam Backer and Saxon Baird. If you dig what we do, consider a (very cheap) subscription. Get full access to Money 4 Nothing at money4nothing.substack.com/subscribe
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1:07:04
Every Band is a Foreign Country (With Franz Nicolay)
What is a band? Think about it for a second, and it becomes less obvious. What you see is a couple of people on stage rocking out. But think about it more and it gets more complex. Actually, bands really aren’t really like anything else—part business, part social club, part artistic partnership, part job…operating at the interstitial zone between disciplined employment and liberatory self-expression. This strange, cobbled-together structure—and the conflicts, hierarchies, pleasures, and intimacies it creates—is at the heart of “Band People: Life and Work in Popular Music,” a revelatory new book from Franz Nicolay (who…has been in one or two bands himself). To learn more, we dig into everything from the complexity of (musical) democracy to the political economy of expression—not to mention how local unions might be the answer, the dangerous effects of Romanticism, and how there’s never a escape from the problem of power. Money4Nothing is a podcast and newsletter on music and capitalism produced solely by Sam Backer and Saxon Baird. If you dig what we do, consider a (very cheap) subscription. Get full access to Money 4 Nothing at money4nothing.substack.com/subscribe
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1:04:28
Digital Distribution and the Ideology of Being Indy
Late last year, Universal Music shelled out 775 million dollars to snap up Downtown Music, a “global music company” that manages “over 50 million music assets”. Perhaps famously, Downtown owns Cd Baby—a digital distributor that, along with peers like Tunecore and Distrokid, has become central to the infrastructure of the streaming economy. These companies enable artists to upload their music to platforms like Spotify, and their influence has grown alongside the ever-increasing flood of “independent” artists bypassing the label system to share their music directly with the people.But…is this kind of market-based independence really all it’s cracked up to be? Or is it another example of music serving as a microcosm for the broader structures of capitalism. And if so—what are the potential implications of the biggest of all majors stepping into the distribution fray? To try and understand it all, Saxon and Sam dive into the history of distributors, from their decades schlepping vinyl to their more recent focus on herding ones-and-zeros. We talk streaming 1.0 vs. streaming 2.0, debate the economic purpose of community, and fret about the vast tubes of data that lead directly to Lucian Grange’s voracious maw. What, after all, could possibly go wrong?Listen to “Digital Distribution and the Ideology of Being Indy” wherever you get your podcasts. Money4Nothing is a podcast and newsletter on music and capitalism produced solely by Sam Backer and Saxon Baird. If you dig what we do, consider a (very cheap) subscription. Get full access to Money 4 Nothing at money4nothing.substack.com/subscribe
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1:03:31
Spotify Culture (Featuring Liz Pelly + David Turner)
This week? Heavy Hitters. As you may (or may not) have heard, journalist/Daniel Ek tormenter/friend-of-the-pod Liz Pelly is making waves with her wonderful new book “Mood Machine: The Rise of Spotify and the Costs of the Perfect Playlist.” It’s easily the best thing yet written about the company at the center of modern music, insightfully reconstructing how Spotify’s shifting interests and policies have remade how we listen, who we listen to, and what they get paid.To get a deeper perspective on both the book and the histories it emerges from, we also called up David Turner—of the late (lamented) Penny Fractions—pulling him out of retirement for one last big music + capitalism score. Together Liz, David, and Sam dive into everything from the economics of ghost artists and the aesthetics of vibes-based listening to the intentional destruction of cultural context in the streaming age. It’s a conversation that helps clarify the singularity of Spotify culture—and allows us to better detach its operations from the meaning of digital music. Come for the playlists. Stay for what they’ve done to you. Buy Liz Pelly's book "Mood Machine"Subscribe to our Newsletter! Get full access to Money 4 Nothing at money4nothing.substack.com/subscribe
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1:28:55
"Homeboy Need a Subpoena": Drake Sues UMG
Look. Times are dark. So this week, we decided to tackle a somewhat lighter topic and look into Drake’s remarkably tone-deaf lawsuit against Universal Music Group—the label to which both he and (beef opponent) Kendrick Lamar are signed. In essence, Drake alleges that UMG used all their influence to make Kendrick’s Grammy-winning diss track “Not Like Us” a viral mega-hit. Which, like…yeah. Of course they did. They are in the business of producing viral mega-hits. While the context of the lawsuit—namely, multiple violent attacks on Drake’s house—is quite serious, it’s hard not to find the whole thing ridiculous. After over a decade of industry machinations, Aubrey really had the nerve to sue UMG for…hurting his feelings? [Yes, it’s actually for defamation of character, but in the court of public opinion, those two are pretty much synonymous] Despite this, the actual content of the legal filing is fascinating—offering readers a guided tour of exactly what UMG is doing out there, hosted by someone who really knows how the sausage gets made. Payola? Selective copyright enforcement? Contract negotiation hardball? You betcha. THEN: Saxon and Sam get a little loose and take a jog through the Grammys. Album Of The Year? Sure. But also…who did you have for Immersive Audio? Subscribe to our Newsletter! Get full access to Money 4 Nothing at money4nothing.substack.com/subscribe
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