Good morning. Rapper and social media maestro Lil Nas X is back with a new single after over two years, and he emptied the viral stunt toolbox in marketing his latest music video: fake college acceptance letters, lo-fi infomercials, and celebrity impersonator endorsements, to name a few. And it worked. 12 hours later, the video is #1 on YouTubeโ€™s Trending charts and already topped 1.3 million views.ย 

Why Music Creators Are Selling CDs

Musician and creator Mary Spender finds value in printing her music on CDs /Guitar.com

Artists and music creators are increasingly expanding to physical music productsโ€”primarily CDs and vinylโ€”to capitalize on a major shift in the music industry: Revenue from retro formats recently hit a decade high, according to the Recording Industry Association of America (RIAA).

โ€œI think weโ€™ve gotten to a point where weโ€™re super convenient with all our listening habits,โ€ Mary Spender, a singer-songwriter and YouTube creator who sold 3,000 CD copies of her debut studio album last year, told us.

โ€œWe can do everything on our phones, and people are sort of, you know, craving something different,โ€ she said.

Context: Streaming services such as Spotify and YouTube Music still drive the music industry. 84% of U.S. recorded music revenue came from streaming platforms in the first half of 2023, compared to 11% from physical music products, per RIAA.

But young fans are driving the resurgence in physical products as a complement to streaming that can a) further support their favorite artists through direct sales and b) showcase fandom as collectible merch.

  • FYI: Spender said in 2023 that a fan would need to stream her songs 8,333 times on Spotify to net her the same revenue as one CD purchase.

The creator POV: Legacy formats can help creators diversify their storytelling across media and offer collectibles to core fans, as evidenced by MoistCr1TiKaLโ€™s wildly successful comic book or Jabrilsโ€™ chart-topping manga.

โ€œ[Making the CD] took a lot of headaches, a lot of project management,โ€ Spender told us. โ€œThe amount of time I spent on itโ€ฆI probably lost money by not working as hard on the YouTube channel.โ€

โ€œHowever, this now plays into the credibility factor of being a singer-songwriterโ€ฆand by making sure that my 1,000 true fans not only want [the CD], but love itโ€”those are the only people you need to worry about,โ€ Spender said.

Creators Distance Themselves from Substack

Internet commentator Ryan Broderick of โ€œGarbage Dayโ€ (left) and Gen Z writer Casey Lewis of โ€œAfter Schoolโ€ (right) have weighed in on moving their newsletters elsewhere / Ryan Broderick, After School

In the last week, several prominent newsletter creators have spoken out about moving their writing off Substack.

Backdrop: Since December, the newsletter company has been accused of platforming Nazis and white supremecists whoโ€™ve skirted Substackโ€™s relatively lax content moderation rules.ย 

In response, Substack last month doubled down on โ€œupholding and protecting freedom of expression, even when it hurts.โ€

On Monday, though, Substack changed its tune and banned a handful of pro-Nazi accounts. But not before newsletter creators headed for the exit.

  • Tech writer Casey Newton said that his newsletter has lost paying subscribers not because of Newtonโ€™s content, but because of Substackโ€™s actions. Now heโ€™s moving to media platform Ghost.

  • Creators including Gen Z writer Casey Lewis and internet commentator Ryan Broderick have publicly weighed moving to other newsletter platforms.

  • Technology writer Molly White left earlier this month to self-host her newsletter.

Platform Watch: Twitch Downsizes

Twitch laid off about 500 workers this week / Illustration by Moy Zhong

This week, Twitch laid off over one-third of its staffโ€”around 500 peopleโ€”in order to cut costs. Details:

  • Twitchโ€™s downsizing is part of a wider round of layoffs across parent company Amazon.ย 

  • The layoffs come a month after Twitch shut down in Korea.

Twitch CEO Dan Clancy said on a livestream yesterday that Twitch isnโ€™t profitable and gets its funding from Amazon. Twitch is now working to make sure the platform is a manageable size.

  • โ€œAmazon has been extremely supportive of Twitch and a big thing of being sustainable overtime is ensuring that we donโ€™t lose money,โ€ Clancy said.ย 

  • โ€œWeโ€™ve been very clear about the importance of our efforts to provide more resources to streamers, like our Partner Plus and Ads Incentives Program,โ€ Clancy said. โ€œWe still have more than enough resources and will still be able to serve your needs and improve the product.โ€

Let us know: Are you creating on Twitch? If so, does news like this impact your strategy on the platform? Reply with your thoughtsโ€”weโ€™d love to talk with you for a potential story.

๐Ÿ”ฅ Press Worthy

๐Ÿ“š Thank You For Pressing Publish

The content weโ€™re looking forward to reading, watching, and listening to this weekend.

  • Read: Author Freddie deBoer explores how media (from Taylor Swift to identity politics) shape human behaviorโ€”and in some cases, lead to self abandonment.ย 

  • Watch: โ€œAre you being rewarded for your talent, or being tokenized for your abilityโ€ฆto not rock the boat too much?โ€ Video essayist F.D Signifier reflects on his success in 2023 as a Black creator on YouTube while exploring Spike Leeโ€™s 2000 film, Bamboozled.

  • Listen: Actor Ike Barinholtz listened to โ€œChernobyl levels of poisonโ€ to prep for his new satirical podcast on Andrew Tate-type personalities in The Chris Chatman Do-Over.

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