When it comes to the "death of radio," I can kinda get where the blogger is coming from. From where I sit (outside of the business for a few years now), I'd say it is definitely declining, but I'm not sold on the idea that it's adapting very well to the new reality. Yes, radio is still radio, and simply moving the same station online isn't adaptation. It's anecdotal evidence, but (and I keep bringing this up), the young people I work with at the tech bro company don't listen to the radio...online or otherwise. More on that in a moment...
Staind? Yes, as Aaron Lewis himself has said many times, that song (and album) made a "sh*t-ton of money," but that was over 2 decades ago. That era is gone forever.
Maybe Oliver Anthony only made $130k off that one song. But he got 100 percent of the pittance that YouTube pays for "spins." If he signed with a major label, he'd make even less, because they'd take their cut. Musicians are figuring out that you don't need to follow the traditional route to be successful.
Agreed on most of your points, RE young people you know who don't listen to radio station streams. I think most of them I know do Spotify or Pandora.
As for my Staind example (and there were numerous other stars that made millions off the CD sales model that dominated until around 2005 or so), would you rather have 2% of $100 million in one year ($2 million), or $130K today (or $40K, as BigA points out)? My point was that there was more money coming in to the music industry in general, and it was because the sales model brought in more money than the streaming model. So when theses "55 million plays" and other large figures are publicized, the figures are impressive, but the money is less than is would have been under the previous consumption models (download sales, CD sales, etc.).
It's all perspective. And yeah, streaming is here to stay. It's not going away, and even if the digital royalties go up, the money will be smaller than it was for artists in 2000. The upside is that anyone can have almost infinite
potential exposure, as there are few, if any, gatekeepers. More artists at least have a chance at using an international-scope media to gain an audience.
And most of the big stars who make money off streaming -- the Taylor Swifts, the Justin Biebers, the big Country music and Hip-Hop stars -- they also get a percentage of the take, just like artists got in the old days. The record companies, the management, the studios, they all get their cut, just as they did in 2000. Independent artists like Oliver Anthony, of course, get 100% (or whatever percentage he may have under agreement with his management, if he has any).
Some of those kids I work with are stoked to see Polyphia in concert when they come to town in a couple months. The band is about as far as you can get from Oliver Anthony. While they haven't had one song with 55 million views, they have one with 30 million, another with 20, and according to a quick Google search are sitting at around 400 million total views. They have endorsement deals with a variety of companies, sell out all their shows, and are by all accounts doing very well for themselves. They're signed to a small independent label and peaked on the US album chart at 33. Needless to say they have little or no radio airplay.
As a YouTuber I watch on the regular says, "it's just a thought. Y'all have a good day."
I know a local band here that is doing the same thing, basically. They are a band made up of local, second tier grunge veterans who maybe get 10K-50K views on streaming sites per song, and play a few local shows. The 'promotion' is word of mouth, basically, with a tiny bit of airplay on one radio station.
It's a whole different world from the one that existed in 2000 when the guys I know in this particular band were signed to a record company and were playing local shows, and opening up for bigger bands on tours.