How OpenWav’s New App Could Fix the Broken Music Industry

How OpenWav’s New App Could Fix the Broken Music Industry

The Music Industry is Broken. OpenWav's New App Aims to Change That For decades, the music industry has operated under a model that many artists and fans alike consider deeply flawed. Streaming services pay artists fractions of a penny per stream, leaving many struggling to make a living despite generating millions of plays. Record labels often retain significant control over an artist's creative output and earnings, further exacerbating the imbalance. But, according to a recent TechCrunch article, a new contender has entered the arena: OpenWav, with its innovative app designed to disrupt the status quo and empower musicians. The Current State of Affairs: Why the Music Industry Needs a Revolution Before diving into OpenWav's solution, it’s crucial to understand the problems plaguing the modern music industry. These issues affect not only established artists but also independent musicians and emerging talent. Here's a breakdown of some key pain points: Low Streaming Royalti…