Meek Mill is already looking ahead towards 2021 for his next big venture.
The Dreams & Nightmares rapper is looking to buy into Silicon Valley to develop the next digital streaming platform and is looking at his peers to help him with it.
“Me lil baby Durkio tryna getT somebody in Silicon Valley to build us our own music platform we can be majority owner in,” Meek tweeted on Friday (Christmas Day). “We will pay!! We need top Silicon Valley steppers please!”
He followed up, “21 gone link in too we need some app options we looking for the best platform builders!!!! Tryna get started 2021”
Rappers and musicians, in general, have discussed openly the lack of earnings they receive from streaming platforms. Even the Queen of Christmas Mariah Carey alerted fans of the lack of substantial pay from streams while celebrating her “All I Want For Christmas Is You” single breaking a Spotify record for single-day streaming.
“WOW,” she tweeted on Friday. “I know people think I’m making “coin” (lil’ secret: artists make very little from streams) but the real reason I’m sitting here in astonishment & gratitude is seeing the joy this little song I wrote brings to people. THANK YOU & MERRY CHRISTMAS!!!”
According to a 2018 article by Digital Music News, the DSP which pays artists the most is Napster with $0.019 per stream, followed by JAY-Z’s TIDAL at $0.0125 and Apple paying $0.00735 per stream. Currently, YouTube pays the lowest rate of any DSP with $.00069 per stream.
Meek’s gesture comes on the heels of a rumored report of Jack Dorsey, CEO of both Square and Twitter looking to join the DSP game by purchasing Hov’s TIDAL imprint. There’s been no word on whether Hov has any intention to sell, even as he and Dorsey spent time together in the Hamptons this past summer.