Why Musicians Are Broke and How to Fix It

Making a lot of men in suits very nervous. Love it. This is the change we artists need. Rick starting to connect the dots and making things happen from the ground up.

This is why Rick can have so much positive influence on the world of music and musicians.

As an Intellectual Property lawyer, I have to say that this could be (will be ?) a game-changer for creators. I'm absolutely blown away by this new app. The negotiations over the splits could still end up being messy, so it would be even more incredible if the app could also provide some numbers and stats to help creators find fair and reasonable splits. But otherwise, this is a much-needed, long-overdue innovation in the music world. I think an app like this would be useful in our creative sectors, such as TV and movies. Bravo!

As a musician who’s been wanting to break into the music industry on the legal and technical side, this was a massive wealth of knowledge for someone like me! Thank you gentlemen for your creative efforts, and thank you Rick for using your influence to bring light to something like this!

This dude came up with a solution to a problem that I always thought had no solution. Genius!

We are in this weird culture where everyone feels they are entitled to others work for free or for fractions of a penny on a dollar.

I'm not a musician, but this video is fascinating because the principles apply to so many professions, number one is accountability. Being able to document who did what and when is critical. I'm happy for musicians to be able to take control of their work 👍

As a software developer, i love the attributes they describe and call boring! This is amazing!

I’m not in the music industry but as a photographer this makes me happy. So many times I’ve seen a photo without credit to the photographer and model of applicable… love you channel!!

Working in the IT industry and as an amateur musician I am so impressed by the scope and elegance of this application.

I love how excited Rick looks about this

In my home country Argentina, that "black box" cash goes to the biggest publishers... When I recorded my first album with my band I went to do a course and get educated about publishing and stuff, and it's crazy how much info we as artists don't have. It's crucial to be business savvy about this stuff, especially if you're an independent artist.

This is absolutely fantastic a game changer for the songwriters. I'm joining straight away. Rick thank you so much for this. The music industry needs people like you.

Musicians have to be paid. The current payment for streaming (basically nothing) is criminal. We can only buy so much merch and/or what’s available direct from musician’s website. I’m not a musician, but I try to support them as I can. The system now just stinks. Tangentially, I am constantly mega-impressed at how many people around the world speak a second language really well. We should do better.

👏👏👏👏 For Rick and all who helped produce this video. The quality is top tier. So grateful that we have Rick Beato and his amazing mind for free on the YouTube.

this is great

Where splits tend to go: 6:26 IPI (social security for songwriters) 6:52 ISWC (unique number for a musical work) 7:03 ISRC (unique identifier for sound recordings) 7:30 IPN (for performers producers etc)

Wow Rick. You've really gone up another level here. This was just so interesting. I cant help thinking how creators cant help being creative whether its music or tech based solutions for contributor and recognition problems. Loved it!

Working in Brazil and in the US with my Record Label/Publisher I’ve been explaining musicians, producers, performers how important is all of this for many many years!!! Great tool!!! the best thing I’ve seen in the last 5 years for the music industry to keep growing stronger with clarity, honesty and in a dynamic way!!!

This is one of your best videos you'd ever done! As a cartoonist/illustrator - I too have problems with royalties and collecting money for the use and reuse of my work. BRAVO!!