Personally, I'd much prefer a small percentage of something than 100% of a hope & a prayer.
I think the model is better, in the overall picture that the present situation for most artists.
To me, it all relates to volume, volume, volume.
If I can get 1000 plays were I now get 10 plays I can afford to take less per play and still gross the same, or more, without adding to my costs. That would result in a better net profit allowing me to put more money back into the effort and push for exposure and that should translate to even higher numbers.

I certainly think the overall model is worth looking into a bit deeper but will be one of those giving it a shot & I don't think I'll be giving away the farm either. Again, it harkens back to the 1% of something is better than 100% of nothing.

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DakLander