It’s been a little over 6 months since Christian Phyfier launched the Scrybe Music Streaming application. His vision, to provide a platform that allows recording artists and podcast creators alike to be paid more from their works, as well as allow the fans of the creators to pay less.
This business model has already helped many artists achieve over 100x the revenue they would receive on other streaming platforms, but how does it work?
Scrybe’s business model is something new called a Creator Controlled Streaming Application (CCSA). This means that fans actually subscribe directly to the artist’s content, instead of to the platform (Scrybe). Artists, labels and podcast producers are able to control the cost of the album, song or entire catalog of content released. This allows the fan to add money to their wallet and choose which content creators they would like their money to go toward.
Scrybe and the CCSA business model is allowing artists to finally receive positive financial stability in the music and podcast industry. The key part to this influx in artist revenue is the amount of actual subscribers an artist must obtain to simply make $1. It’s been shown that with other streaming platforms the average recurring streams an artist must obtain to earn $1 is around 360. With Scrybe the average subscriptions to earn a dollar is 5.
On top of that, the fans are paying less per month. Most fans are paying between $10 and $15 per month for their music and podcast streaming service. With Scrybe the average fan pays only $4 a month. Which can be adjusted at any time.
This business model is set to be the future of all content streaming, as it begins to catch the attention of larger musicians. There are nearly 1.5 million working recording artists in the world and with Scrybe, each of them have the opportunity to sustain life once again from their record sales.
CEO Christian Phyfier has made an announcement about new updates that they are planning to change the way music is absorbed and how artists release new music. He’s made it obvious that his plans are to think out of the box when it comes to what artists have been forced to use since the record player era, and artists and fans alike are excited to see what the Scrybe Streaming platform comes out with next.
Artists can upload their music for free at myscrybe.com or visit scrybestreaming.com