![]() “This hurts true artists, makes it harder for new ones to emerge and also damages the fan experience. ![]() “The current system has clear issues that need to be addressed, such as increasing amounts of non-music tracks uploaded on platforms, poor quality covers with misspelt artists’ names and songs to ‘steal’ streams, and people trying to trick the system with the length of tracks,” elaborated Folgueira, whose company is looking to achieve significant revenue growth and “positive adjusted EBITDA” by 2025’s end. And in a statement, Deezer CEO Jeronimo Folgueira criticized the existing streaming-compensation system’s “clear issues.” Furthermore, the initiative is poised to “explore ways in which artists at every point in their careers and from every genre and geography can more fully benefit commercially from streaming,” according to the businesses.
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