BITTORRENT OPEN PAYGATE BUNDLES GIVING A 90% CUT TO ALL MUSIC ARTISTS
The world’s most well known P2P Torrenting platform, BitTorrent has just opened its PayGate Premium Content Bundle, so that creative industries can directly release their content with little add-on costs.
The company plans to take a minimal 10% cut from profits raised, which is a far better deal than other distribution platforms or streaming services such as Youtube, Spotify, Pandora and iTunes. BitTorrent’s PayGate-based business model allows flexible distribution, with some content provided free and others behind a paywall. For example, many artists provide singles, remixes and music videos of their album for free, to allow audiences a taste, with the main album safely behind the PayGate.
A number of musical artists and filmmakers have already released albums and movies using the BitTorrent business model. Radiohead frontman, Thom Yorke released his latest album Tomorrow’s Modern Boxes, was bundled with free music videos and singles, with the full album behind the PayGate, priced at a very reasonable US$6. Yorke’s album has been downloaded 4.4 million times since its release (at the end of September), and although he and BT aren’t disclosing how much of that was purchased, it still represents a significant profit without the distribution overhead costs passed onto fans.
Speaking to TechCrunch, Straith Schreder, director of content strategy for BitTorrent said, “As with Radiohead’s In Rainbows, Thom Yorke’s decision was, from the outset, not to disclose sales data. The choice to share that information is at the artist’s discretion. As it should be. We have to respect the artist’s decision.”
Californian DJ, Diplo has also just re-released a digital box set of his popular Florida album to celebrate its 10th anniversary via BitTorrent. Priced at US$5, the bundle includes nine free songs with a further twelve as purchasable premium content.
“Taylor Swift sparked debate over the state of music in recent weeks; the value of a stream, the value of a record. The value of art shouldn’t be up for debate. It should be up to artists,” said Matt Mason, chief content officer for BitTorrent. “Our goal with BitTorrent Bundle is to restore control to creators. We’re opening up applications for paygates to all publishers: allowing artists to sell content direct to fans, on their terms, while keeping 90% of sales revenue,” (source).
Already, there are a wide variety of musical genres available for purchase on the platform, with more being added daily. If you’re interested in distributing your work via BitTorrent, then you can fill out the BT application form here. There’s also a payment processing fee added to the cut taken by BT, but is usually under 5%, in addition to the already stated 10% cut.
Content uploaded today won’t necessarily be released immediately, the company plans to roll out paygates in batches, to ensure that both content providers and audiences are happy.
“We are not being selective per se,” Schreder says. “Our goal is to make paygates available to all artists. We believe art has value; we want everyone to have the ability to sell their work direct-to-fan using Bundle. As with the rollout of the self-publish email gate feature in September 2013, we’re greenlighting paygates in batches. This allows us to QA the platform, and make sure that each publisher is properly set up. We want the paygate experience to be the best possible one for creators and their fans.”
For indie filmmakers and musicians the BT business plan is a timely solution and offers a far better deal than just about all other distribution networks. It also allows creatives to see exactly who’s buying their work and a demographic of their fan base.
“For one, it’s transparent. Other sales and streaming platforms have come under attack for failing to disclose the deals they’ve made with labels. While Spotify has claimed to pay 70% of their revenue to rightsholders, public statements by artists, including Taylor Swift, indicate that little of that money is actually making it back to the people making the songs,” she says. “For another, it’s sustainable. Platforms like iTunes take up to 40% of sales revenue — without disclosing fan contact information or data. Which means that, as an artist, you have no idea who’s buying your work, and how to reach them. To deprive artists of this data is to deprive them of the ability to build a viable business.”
For more information or to have a look at the selection of bundles available, check the BT website: bundles.bittorrent.com
Application Form link: utorrent.us5.list-manage.com
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