The rise of tech companies has significantly impacted individual artists and content creators. Initially, the internet was seen as a platform that could provide a 'long tail' of revenue for these individuals. However, this has not been the case. In the music industry, for example, 80% of the revenues are now derived from just 1% of artists. This is a stark contrast to the 1980s, when 80% of music industry revenues came from 20% of the content. Therefore, the rise of tech companies has led to a concentration of wealth and influence among a small percentage of artists and content creators.
Ever wonder why Silicon Valley seems omnipotent in every arena, not only in technology and business...
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