It’s All About the Stock: Tone deaf Spotify Insiders Vote for Stock Buyback to Juice Their Share Price While Congress Questions Streaming Payola

Spotify announced a second billion dollar stock buy back last week which means they have $1 billion in free cash that they will spend, not for paying artists, not for paying songwriters, but to juice their stock price and make Spotify insiders and senior employees richer still. Remember that Spotify already did this once before in the pre-pandemic. Just like they lavish the artists’ money on their fancy World Trade Center offices and buying the Arsenal Football Club, a second billion dollar stock buy back means more of the same while they pay artists a pittance, songwriters even less and session performers not at all.

Every Spotify employee should understand that the income disparity between their monopoly business practices and the creators who drive the fans to their platform that Spotify monetizes out the back door has never been so dire.

Why do you care? A few reasons. First, it demonstrates that Spotify has plenty of cash laying around despite its continued loss making–which confirms the “get big fast” and devil take the hindmost strategy that has driven the company to make its insiders extraordinarily rich. So when Spotify tell you (and the UK Parliament) that they can’t pay a fair royalty because they’re struggling so much, here’s more evidence that those claims really are as much bunk as they sound like.

Second, it highlights the value transfer from featured artists who barely get paid at all and non-featured artists who really don’t get paid at all. The real value to the music that Spotify pays at a hundredths of a penny is reflected in the share price and market value, not the revenue which they refuse to increase as they pursue their growth strategy. This failure to allow the creators that make their company to capture value through higher royalties is the subject of a study I co-wrote for the World Intellectual Property Organization and is underlying the Spotify royalty crisis.

But perhaps most importantly it’s yet another tone deaf move by Spotify that ignores both the Congressional payola inquiry into Spotify’s business practices as well as the streaming income inequality that’s argued every day as the walls close in on songwriters trying to make a living and artists trying to tour in a life threatening environment. As Senators Bernie Sanders and Chuck Schumer wrote in a New York Times op-ed, stock buybacks should not come at the expense of workers, which I would argue includes artists and songwriters in Spotify’s case. For a deeper dive, see Profits Without Prosperity by the economist William Lazonick in the Harvard Business Review.

Professor Lazonick tells us:

Though corporate profits are high, and the stock market is booming, most Americans are not sharing in the economic recovery. While the top 0.1% of income recipients reap almost all the income gains, good jobs keep disappearing, and new ones tend to be insecure and underpaid.

One of the major causes: Instead of investing their profits in growth opportunities, corporations are using them for stock repurchases. Take the 449 firms in the S&P 500 that were publicly listed from 2003 through 2012. During that period, they used 54% of their earnings—a total of $2.4 trillion—to buy back their own stock. Dividends absorbed an extra 37% of their earnings. That left little to fund productive capabilities or better incomes for workers.

Why are such massive resources dedicated to stock buybacks? Because stock-based instruments make up the majority of executives’ pay, and buybacks drive up short-term stock prices. 

Here’s the Spotify press release:

Spotify Technology S.A. (NYSE: SPOT) (the “Company”) today announced that it will commence a stock repurchase program beginning in the third quarter of 2021. Repurchases of up to 10,000,000 of the Company’s ordinary shares have been authorized by the Company’s general meeting of shareholders, and the Board of Directors approved such repurchases up to the amount of $1.0 billion. The authorization to repurchase will expire on April 21, 2026. The timing and actual number of shares repurchased will depend on a variety of factors, including price, general business and market conditions, and alternative investment opportunities. The repurchase program will be executed consistent with the Company’s capital allocation strategy, which will continue to prioritize aggressive investments to grow the business.

“This announcement demonstrates our confidence in Spotify’s business and the growth opportunities we see over the long term,” said Paul Vogel, Chief Financial Officer at Spotify. “We believe this is an attractive use of capital, and based on the strength of our balance sheet, we continue to see ample opportunity to invest and grow our business.”

Under the repurchase program, repurchases can be made from time to time using a variety of methods, including open market purchases, all in compliance with the rules of the United States Securities and Exchange Commission and other applicable legal requirements.

The repurchase program does not obligate the Company to acquire any particular amount of ordinary shares, and the repurchase program may be suspended or discontinued at any time at the Company’s discretion.

What are they not telling you? Well, first of all I’m not so sure how strong the Spotify balance sheet really is, with all due respect to Mr. Vogel (who is no doubt pitching a stock buyback that he probably personally benefits from as a shareholder). Without grinding through details, let’s say that Spotify’s stock is down 30% from its COVID-induced highs so there’s that. Someone else seems to think the balance sheet isn’t all that.

Why do I say that Spotify’s stock buy back juices the share price and earnings per share? It’s simple–you keep the financial metrics like revenue and earnings separate and constant. The share price and earnings per share is a function of market capitalization, a ratio based on the number of shares outstanding. And here’s the key: By reducing the number of outstanding shares alone, you can increase the stock price and the earnings per share without actually changing anything about the company’s financial performance (kind of like a reverse stock split).

Stock repurchases are usually funded through hitting an account called “retained earnings” and buying the shares in the open market at a fixed price, sometimes through a tender offer. If there is insufficient retained earnings, the company can take on debt. Spotify doesn’t mention in its press release exactly how this particular buyback will be financed, but it’s usually one or the other, and otherwise in compliance with the SEC Rule 10b-18 safe harbor for issue repurchases for those reading along at home.

The key takeaways:

  1. Spotify is a monopolist and has plenty of money
  2. Spotify is doing a stock repurchase to juice the share price and make it look higher than it is, fooling no one on Wall Street
  3. The major beneficiaries are Spotify insiders like Daniel Ek who control the company, the board and all shareholder votes.
  4. Spotify have the money to compensate featured artists, nonfeatured performers (musicians and vocalists) and songwriters but choose to spend it on themselves.

@ashleyjanamusic’s Video Tells You All You Need to Know About Spotify’s Attitude Toward Artists

Mansplaining, anyone? If you remember Spotify’s 2014 messaging debacle with Taylor Swift, we always suspected that the Spotify culture actually believed that artists should be grateful for whatever table scraps that Spotify’s ad-supported big pool model threw out to artists. They were only begrudgingly interested in converting free users to paid subscribers, which still pays artists nothing due to the big pool’s hyper-efficient market share revenue distribution model.

And then there was another one of Spotify’s artist and label relations debacles with Epidemic Sound–Spotify’s answer to George Orwell’s “versificator” in the Music Department that produced “countless similar songs published for the benefit of the proles by a sub-section of the Music Department.”

The common threads of most of Spotify’s crazy wrong turns–and they are legion–is what they indicate: An incredible heartless arrogance and an utter failure to understand the business they are in. A business that ultimately turns on the artists and the songwriters. As long as there is an Apple Music and the other music streaming platforms, artists can simply walk across the street–which is why Taylor Swift could make Daniel Ek grovel like a little…well, let’s just leave it at grovel.

But–this long history of treating artists and especially songwriters poorly is what makes it so important to preserve Apple Music as a healthy competitor to Spotify and the only thing that stops Spotify from becoming a monopolist. A fact that seems entirely lost on their boy Rep. David Cicilline’s anti-Apple bill that “seems aimed directly at Apple and has Spotify’s litigation against Apple written all over it.” (Mr. Cicilline runs virtually unopposed in his Rhode Island elections, which if you know anything about Rhode Island politics is just the way the “Crimetown” machine likes it.)

Why are ostensibly smart people given to such arrogance? Mostly because they are rich and believe their own hype. But never has that reality been on such public display in all its putridness than in a truly unbelievable exchange at the Sync Summit in 2019 in New York between home town independent artist Ashley Jana and former Spotify engineer Jim Anderson who was being interviewed by Mark Freiser who runs that conference who doesn’t exactly come off like a prize puppy either.

Ashley recorded the entire exchange in (what else) a YouTube video and Digital Music News reported on it recently. Here’s part of the exchange between Ashely and Mr. Anderson after Ashely had the temerity to bring up…money!

Jana: We’re not making any money off of the streams. And I know that you know this, and I’m not trying to put you on the spot. I’m just saying, one cent is really not even that much money if you add 2 million times .01, it’s still not that much. And if you would just consider —

Anderson: Oh, I’m going to go down this road, you know that.

Interviewer (Mark Frieser): This is really not a road we’ve talked about before, but I’m gonna let him do this —

Jana: Thank you again.

Anderson: Do you want me to go down this road? I’m gonna go down this road.

Frieser: Well, if you need to.

Anderson: Wait, do I go down the entitlement road now, or do I wait a minute?

Frieser: Well, you know what, I think you should do what you need to do.

Anderson: Should we do it now?

Frieser: Yeah, whatever you feel you need to do.

Anderson: So maybe I should go down the entitlement road now?  Or should I wait a few minutes?

Frieser: Do you want to wait a few minutes? Maybe take another question or two?

Anderson: [to the audience] Do you guys want to talk about entitlement now? Or do we talk about —

[Crowd voices interest in hearing the answer from Anderson]

Jana: I don’t think it’s entitlement to ask for normal rates, like before.

Anderson: Normal rates?

Jana: No, the idea is to make it a win-win situation for all parties.

Anderson: Okay, okay. So we should talk about entitlement. I mean, I have an issue with Taylor Swift’s comments. I have this issue with it, and we’ll call it entitlement. I mean, I consider myself an artist because I’m an inventor, okay? Now, I freely give away my patents for nothing. I never collect royalties on anything.

I think Taylor Swift doesn’t need .00001 more a stream. The problem is this: Spotify was created to solve a problem. The problem was this: piracy and music distribution. The problem was to get artists’ music out there. The problem was not to pay people money.

You really should listen to the entire video to really comprehend the arrogance dripping off of Mr. Anderson’s condescension.

Riding the Third Rails: Making the case at WIPO for performer streaming remuneration — Music Technology Policy

One potential solution to the crisis with performer compensation from streaming is an expanded remuneration right paid directly to performers and featured artists by streaming platforms. Remember–the session musicians and vocalists you hear on streaming platforms get nothing and all but a handful of featured artists get next to nothing.

Endless babble about how streaming saved music industry is unmoored from reality. And revenue has demonstrably resulted in lower pay to music workers. 

U.S. Recorded Music Revenues Are Still 46% Below 1999 Peaks https://t.co/wmyAiCV9iB— David C Lowery (@davidclowery) June 17, 2021

Thanks to the support of the American Federation of Musicians and the International Federation of Musicians, the World Intellectual Property Organization commissioned a policy study on this subject for consideration by WIPO’s Standing Committee on Copyright and Related Rights that I co-authored with the noted economist, Professor Claudio Feijoo.  (The study is available here.)  WIPO has never before commissioned a study on the economic effects of streaming on performers, and I think we should all be appreciative of WIPO’s response.

I was pleased to see the study quoted in the recent letter to UK Prime Minister Boris Johnson from the Rolling Stones, Sir Tom Jones and many others calling on the PM to support streaming remuneration according to the BBC.

We considered the pros and cons of a number of potential solutions, which are summarized in this table from the study. Streaming remuneration paid by platforms was the main recommendation for a number of reasons:

–streaming remuneration helps to balance the extraordinary growth in share price by companies like Spotify. (Apple is approaching a $2 trillion market capitalization and still pays session players nothing for streams on Apple Music).

–enterprise playlists are increasingly a substitute for radio by Spotify’s own admission yet pay nothing to non-featured performers.

–streaming remuneration does not expand the compulsory license and leaves private contracts in place.

SolutionProConFurther comments
Streaming Remuneration Paid By Platforms Through CMOsDoes not require additional transaction cost as matching and payment information already exists at CMOs; does not require renegotiation of licensing agreements or disrupt current licensing practices; platforms are already paying similar royalties in certain territories; recognizes value transfer from all performers to platforms; helps to preserve local culture by compensating both featured and nonfeatured performersPlatforms may seek to offset streaming remuneration payments against catalog license revenues; platforms may seek to expand compulsory licenses; additional operating cost for platforms; Flexible solution that Member States may elect to implement.  Benefits both featured and nonfeatured performers. Mandate may exclude deduction from existing licenses and may make payments non-waivable.
Status Quo—continue market-centric model unchanged with voluntary experiments in fairness-making royalty methods (SoundCloud and Apple, for instance)No disruption to streaming ecosystem, locks in market-centric royalty model, allows market forces to drive change (e.g., SoundCloud fan powered royalties and Apple messaging pro-artist royalty rates)Favors major labels and their featured performers, nonfeatured performers paid zero, does not respond to grassroots campaigns by featured and nonfeatured performers; burdens local repertoire and local culture (see concerns about streaming music raised by Heritage Canada and Canadian Parliament in current consideration of Bill C-10[1])Do not change and allow market forces to impact royalty rates through grassroots protests against streaming royalties like #BrokenRecord and #IRespectMusic campaigns and potentially litigation
Voluntary change in label streaming rate policy and Beggars (for instance) style forgiveness of unrecouped balancesFairness making move so that producer unilaterally updates all legacy contracts to current rates.  Simple to pay more than contract requires, can be implemented quickly, low transaction costs.  Forgiveness of unrecouped balance occurs after a fixed period of time.  (Beggars model forgives 25% after 15 years).  Does not change the underlying payments to featured performers, does not compensate nonfeatured performers. Might be arbitrary and subject to sudden changes.Labels should consider before legislation requires a change in response to grassroots protests (see DCMS Inquiry). Nonfeatured performers are not benefited. Compatible with other models. 
SolutionProConRecommendation
Mandate review of royalty statements and systems by independent accountants or “special masters”Biggest point of failure in royalty reporting is at the platform, so review of systems by independent accountants and experts would increase transparency and help to reduce third party fraud.  Expert review would be in addition to SSAE 16 type review.  At a minimum, public accounting firms should be required to publicly disclose systems reviews undertaken as part of audited financials.Biggest negative would be cost, but in the long run would potentially reduce the cost and increase the efficiency of individual audits.  Might be accomplished through disclosure and rebalancing of duties of public accounting firms.Member States may consider legislating transparency. Nonfeatured performers are not benefited. Compatible with other models.
Adjust corporate governance at streaming companies to make them more responsive to shareholders (such as eliminating dual class stock in publicly traded companies)Allows shareholders a meaningful voice in corporate governance denied by “supervoting” shares such as Spotify’s 10:1 insider shares, allows fans or users an opportunity to be heard by board of directorsDoes not by itself change underlying payment issues for either featured or nonfeatured performersMember States may consider as a general matter depending on existing corporate governance laws and exchange rules.  Nonfeatured performers may not be benefited. Compatible with other models.
Voluntary User Centric Share of Revenue Royalty methodsLikely to allow users to have transparency as to where their money goes; perceived greater fairness for featured performersCostly to implement due to transaction costs of renegotiating all licenses.  May just reallocate revenue without increasing the pie; does not recognize the value transfer from performers to platforms in market valuation and share price. Does not compensate nonfeatured performers.Allow platforms to experiment with different models.  Nonfeatured performers are not benefited under models tried to date.
Fan-to-performer Direct Digital GiftsDoes not require changing licensing agreements for services and producers; payments to performers can be made directly outside of recording or distribution agreements; if broadly established, could include both featured and nonfeatured performers. Excludes producers from compensation scheme; requires performers to sign up to accept payment; some services take a cut some do (like Tencent) and some (like Apple) do not take a cut if true gift and not disguised in-app purchase Allow platforms to experiment with different models.  Nonfeatured performers could be benefited.  Member States may consider legislation to curtail platforms taking a cut of digital gifts.
Extended collective licensing of the exclusive right of making available on demandRebalance relations between stakeholders; guarantee a remuneration for all categories of performers through collective managementLimited protection for performers when opt-out is possible; needs conclusion of new licensing agreements; will affect the perimeter of licensing agreements concluded between labels and platformsWould conflict with existing contracts, increasing litigation with uncertain results; non-retroactive application with limited effects
Compulsory collective management of the exclusive right of making available on demandRebalances relations between stakeholders; guarantees a remuneration for all categories of performers through collective management; protects all performers from unbalanced transfer of rightNeeds conclusion of new licensing agreements; will affect the perimeter of licensing agreements concluded between labels and platforms; deprives featured performers of their direct capacity to negotiate with labels through individual contractsWould conflict with existing contracts, increasing litigation with uncertain results; non-retroactive application with limited effects

[1] House of Commons of Canada, House Govt. Bill C-10 (43rd Parl, 2nd Sess., Nov. 3, 2020) available at https://www.parl.ca/LegisInfo/BillDetails.aspx?Language=e&Mode=1&billId=10926636&View=1

1100 German Artists Say “The Horror Has No End” About Germany’s New Copyright Law–The Trichordist

More than 1100 artists tell the German government: “The horror has no end”

For years we have seen massive encroachments on our artistic freedoms in favor of globally operating digital corporations. This anti-artist prioritization is also reflected in the federal government’s current draft law on the new copyright law.

As early as November 26, 2020, 657 musicians and bands made an appeal, “Do not play copyright against us!” to politicians. That paper disappeared into the drawers and the required respect for our artistic work failed to materialize. Instead, there are regular expert hearings with supposedly network experts, not with artists. From their ideological ivory tower they spin out unrealistic censorship scenarios and create the impression that the network is currently “free” and that the deluge of “upload filters” would only be imminent with the implementation of the European Copyright Directive. 

We artists are familiar with platform uses because it is our day-to-day business. We know the problems of over- and underblocking firsthand. As a direct target group of global censorship efforts, we are sensitive to the protection of freedom of expression and artistic freedom. For us it is a slap in the face when network activists hijack the freedom narrative with slogans and catchphrases, argue against platform regulation as in the Copyright Directive and thus gain a greater influence than these global corporations already have.

In 2019, we were stunned to see how the SPD voted against the Copyright Directive. We are stunned to see how the SPD-led Federal Ministry of Justice undermines the European compromise. The federal government sent the draft law to the Bundestag [the German federal parliament] almost unchanged – regardless of our ongoing protests and regardless of all our explanations as to why the “Copyright Service Provider Act” in particular is largely unsuitable for practical use. We recognize in the German draft law the intention to thwart individual copyright claims as well as put real license agreements on an equal footing. Instead of creating a level playing field for our existing licensing market, the German special route restricts it to the maximum with the argument of freedom, of all things. Business models of global upload platforms are protected for the purpose of maximum availability of our plants, while our sales channels are torpedoed with a shrug.

Only the Federal Council takes our concerns about expected collateral damage seriously :

“The Federal Council reminds that copyright law is very often the economic basis for cultural and creative workers and the ability to refinance content is one of the essential foundations for media diversity. It therefore asks that, in the further legislative process, a comprehensive check is made as to whether the draft law as a whole exists The revenue and business models of authors and other rights holders in all affected industries (especially music, film, audiovisual, radio, book and press) are disproportionately impaired. […] The Federal Council points out that the effects of the copyright service provider Law on the German copyright market cannot be adequately assessed at the present time.Copyright Service Provider Act) affects various conflicting interests and has sparked a controversial discussion. Numerous critical voices from various business associations can also be found among them. In view of the largely understandable objections, it is proposed that the passage of the law be subject to the evaluation of its effects on the German copyright market at an appropriate interval. Due to the diversity of copyright-based markets such as the cultural and creative industries, it is important to check whether the regulations are appropriate and practicable and whether they actually lead to the intended balancing of interests. “

For all of us, Peter Maffay recently positioned himself in the Süddeutsche Zeitung and brought the problem to the point. He calls for uniform European regulations, the abolition of the – purely German – 15 seconds rule and the responsibility of the upload platforms for the uses that take place there.

The protection of our rights in the digital space is more urgent than ever for many with the measures taken in the corona pandemic and the accompanying existential threat. Upload platforms that generate considerable profits with our works must finally be effectively held responsible and liable. You may not be relieved by the factual reversal of the license responsibility, e.g. by the cumbersome and only subject to considerable legal consequences that can be challenged. The arbitrary and ironically called “minor use” presumption rules on “legally permitted uses” of non-licensed (!) works are a gateway for systematic copyright infringements, in particular our exclusive right to sole exploitation, but also our moral rights.

We want to continue licensing and retain individual control over our work. The European Copyright Directive takes the pressure off non-commercial uploaders and strengthens our ability to enforce law by making upload platforms responsible for ensuring that there is no need to do anything in the few but painful cases of harmful copyright infringements. It is intolerable that our moral right is now being sacrificed on the altar of supposed consumer protection just because those responsible refuse to give up on dubious and untenable promises of an Internet without a filter. 

Filters are only necessary where works have expressly not been licensed. It is reasonable that in these cases the presence of a barrier has to be checked in case of doubt. The consolation of a new collecting society does not help us – especially since it is not certain how much and when and on what accounting basis we will receive our investments.

Copyright is our commercial and labor law. We therefore expect from the members of the Bundestag and especially the members of the Legal Affairs Committee:

· The withdrawal of the quantitative presumption rules for legally permitted uses.

· Maintaining the protection of melodies enshrined in copyright law for decades, regardless of the length of the melody.

The withdrawal of the restrictions on direct licensing by indirect rights holders and the compulsory remuneration through collecting societies despite existing licensing and distribution chains.

· A complete, unrestricted right to information about uses of which the platforms can gain knowledge with a reasonable effort.

· A regulation of the pastiche barrier, which excludes a self-evident subsumability of remixes and sampling.

We see with concern that the time for an expert healing of the failed Copyright Service Provider Law (UrhDaG) is running out and that even proponents of the bill only approve of individual aspects. The implementation of the other necessary aspects of the Copyright Directive should not suffer from this. A subsequent adoption of the UrhDaG and a temporary loophole will affect our work less than a non-practical special zone knitted with a hot needle.

For us and our professional future, the vote on the draft law is the decision in the election year 2021. We therefore call on all members of the Bundestag again not to interfere with our constitutionally protected intellectual property and not to use our copyright against us!

No incapacitation of the artists! No expropriation of the artists! No special German way!

The following artists have signed the enclosed letter “The horror has no end” as first draftsmen:

21 Sunstreet

Abel Lovac

Falling racing pigeons

Achim wet nurse

Achim Petry

Achim Radloff

Achim Rafain

Eight buckets of chicken hearts

Adele Walter

AFFKT

Afterburner

Agitation Free

Airwalk3r

Alan Dixon

Alex garlic

Alex Mayr

Alexander Binder

Alexander Kilian (Café del Mundo)

Alexander Klaws

Alexander King

Alexander Niermann (Botticelli Baby)

Alexander Sandi Kuhn

Alexandra Grübler

Alexis Herrera Estevez

Alf Ator (Knorkator)

Alfons Hefter (feathers)

Alina von der Gathen (KOJ)

All colors

ALLEVIATE

Alvaro Soler

Alvin Mills

Amanda

Amigos

Ana Carina Woitschack

Andhim

Andre Bratten

Andre Graute

Andre Kroenert

André Kunze

Andre Schoettler

Andreas Bayless

Andreas Bourani

Andreas Eckert (Pam Pam Ida & the Silberfischorchester)

Andreas Henneberg

Andreas Radloff

Andreas Rasmussen

Andreas Vitoria-Adzersen

Andreas Völk

Andy Birr (Bell, Book and Candle)

Andy Kouchen

Andy LaToggo

Andy Lutter

Andy Schmidt (Disillusion)

Angel’s Blue

Angela Gossow

Angelika Weiz

Aniko Kanthak

Anja Krabbe

Anja Morell

Anja Schneider

Anna Carewe

Anna-Marlene Bicking

Anne de Wolff

Anne Otto (air)

Annemarie Eilfeld

Anselm Kluge

Ansoumane Kaba

ANTIHELD

Antje Uhle

Antonina Hamann

apparatus

Aquabella

Aram Khlief (dyrtbyte)

Are Foss

Argile

Ariane Stoll (Jani)

Arne Häussermann (An Early Cascade)

Arne Heger & reinforcement

Arne Jansen

Arno Haas

Arnold Fritsch

Arsenii Efremenko

Asja Valcic

Atlantic

Audun Storset

August August

August Hoffmann (Krahnstøver)

August Zirner

Axel Bosse

Axel Fischer

Balbina

Banda Senderos

bar

Barbara Morgenstern

Bård Aasen Lødemel

Basem Darwish (Cairo Steps)

Basti M

Bastian Stein

Bayuk

Beach bag

Beat Agents

Beatrice Egli

Beatsteaks

Behrang Alavi (Samavayo)

Ben Metzner (dArtagnan)

Ben Münchow

Ben sugar

Benedikt Hoenes

Benny Hunter

Bernd Dellbrügge

Bernd Lhotzky

Bernd Römer (carat)

Bernhard Brink

Bernhard Lloyd (Alphaville)

Bertram Engel

Bettina Flörchinger (Östro 430)

Big Balls & The Great White Idiot

Binoculers

Birgit Maren Buschke

Bitume

Bjoern Schirmacher

Bjorn Heuser

Bjorn Störig

Bjørn Torske

BLANK & JONES

Bobbi Fischer (Berta Epple)

boy

Bring ring

Broilers

Bruno Böhmer Camacho

Bukahara

BUZZ DEE (Knorkator)

CJ Johnson

camouflage

Canda

Carom

Carina Hajek (Tinted House)

Carl Carlton

Carl Christian Steenstrup (Of Norway)

Carl-Ludwig Reichert

Carlos Cipa

Carolin No.

Carolina Nathalie Hudek

Carsten Daerr

Cash 22

CassMae

Cecile Verny

Charlotte Grewe

checkpoint Charlie

Children

Chock & Aré

Chono Chibesakunda

Chris Beier

Chris Cool

Chris Gall

Chris Hopkins

Chris Lindner

Chris Möhlenkamp

Chris van Baal

Christian Bruhn

Christian Burkhardt

Christian Engh

Christian Krischowsky

Christian Liebig (carat)

Christian Meyer

Christian Schroeder

Christian Torchiani

Christian Zach

Christin Stark

Christina Rommel

Christmas

Christof Lauer

Christoph Gaertner

Christoph Grab

Christoph Römer (Steven Liquid)

Christoph Stiefel

Cinthie Christl

Cioz

Circus Electric

Cladigal

Cläng

Clara Haberkamp Trio

Clara Rothlander

Claudius Dreilich (carat)

Claus-Robert Kruse

Clemens Benecke (CBGreen)

Cochise

Coppelius

Cornelius Claudio Kreusch

Corvus Corax

Culcha Candela

Cymo

Czech

Damae

Damnation Defaced

Daniel Lopez

Daniel Meteo

Daniel Nitsch

Daniel Schmidt

Daniel Schütter

Daniel Selke (Ceeys)

Daniel Slam

Daniel Stoll (vision string quartet)

Daniel Tejeda

Daniel Tjus Andersen

Daniel True

Daniel Wirtz

Daniela Alfinito

Daniela Liebl (Taming the Shrew)

Danny Zeremba (Daily Thompson)

Dario Klimke

The money is on the windowsill, Marie

the leak

The panic orchestra

Dave Seaman

David Berton

David Brandes

David Garrett

David Helbock

David Mayer

David Qualey

Debby Smith

Deepaim

Deer jade

Your friends

Denis

Denis Fischer

Dennis Hormes

Dennis Kuhl

Dennis Nutr

Dennis Sagittarius

Dennis Ward

The man

Désirée Nick

Detlef Blanke

Deva Premal

The fishing rod

The doctors

The Feuersteins

The happy

The highest railway

The League of Ordinary Gentlemen

The Mimmis

The Mukketier gang

The music students

The princes

The Schatzis

The dead pants

The doors

The customs officers

Diermaier Werner (Zappi)

Dieter “Machine” Birr (Ex-Puhdys)

Dieter Hallervorden

Dieter Ilg

Dieter Kraus

Dieter Weberpals

Dietmar Kawohl

Dietmar Lowka (Quadro Nuevo)

Dietmar Schmidt (Orgasm Death Gimmick)

Dimple Minds

Dirk Dresselhaus

Dirk Duderstadt

Dirk Flatau (Abisko Lights)

Dirk Michaelis

Dirk Sauer (Ed Guy)

Dirk Schelpmeier

Dirk Zöllner

Dissidents

DJ André Siddi

DJ Antoine

Doctor Dru

Dominik Marz

Donots

Dorette Gonschorek (Unplaces)

Doris Orsan

Dorothèe Kreusch-Jacob

Douglas Greed

Dr. Bernd Opinion

Dr. Peter Wegele

Dream Sound Masters

Drenchill

Duivelspack

Ecco Meineke

Echo loop

Edmond Dante’s Weinfeld

Edward Maclean

Edy Edwards

Einar Olsson

Eirik Seu Stokkmo

Eivind Henjum

ela.

Elaiza

Element of Crime

Eleonora Gelmetti

Elfenberg

Eleven morning

Elif

Elio Rodriguez Luis

Ella Finally

Eloy de Jong

Ender Irkdas

NARROW

epitaph

Eric Smax

Erik Skantze

Eva Claus (deEVA.)

Eva Kruse

Even Brenden

Ex machina

Fabian Altstötter (Jungstötter)

Fabian Krooss

Fabian kiss

Fabian Russ

Fabiana Striffler

Fabin Dammers (UDO)

Fabrizio Levita

Fatma Kar

Fairy Badenius

Fee Kürten

Fee Rent (Fee.)

Feline & Strange

Felix Deraed

Felix Gauder

Felix Janosa

Felix Kubin

Felix Lehrmann

Felix Volk

Felix Weis (rolling mill)

FINNA

Fiorella Geide

Flo mega

Florian Grießmann (ANOKI)

Florian Gutmann

Florian artist

Florian Sagner

Florian Willeitner

Folo Dada

Fools Garden

Franca

Frank Fischer

Frank Gala Gahler

Frank Kleingünther (Dieselknecht)

Frank Lehmann

Frank Loef

Frank Nimsgern

Frank Spilker (The Stars)

Frank Wedler

Frank Wiedemann (Âme)

Frank Zander

Frantz Jørgen Andreassen

Franz Rapid

Franziska Seelig

Fred Strand

Fredrik Øgreid Vogsborg

Free swimmers

Frida Gold

Frieder Klaris

Friederike Bernhardt

Deadline Puppel (City)

Frizz Feick

Fox devil game

Fur Coat (Sergio Muñoz)

Fury in the Slaughterhouse

FUTURE PALACE

Gabriel Kent

Gary Jones

Geir Hermansen

Geordie Little

George Geccoo

Georgie Fisher

Gerd Grabowski

Gerd janson

Get Well Soon

GG Anderson

Giorgio Gee

Giovanni Costello

Giovanni Zarrella

Gisbert zu Knyphausen

Giuseppe Pepe Solera

Glass bead game

Gloss

Gorge

Götz Alsmann

GProject Blues Band

Gracia Baur

Grandbrothers

Gregor Meyle

Gregor Tresher

Grizzly (Cris Vogt)

GSINDL

Gudrun Good

Guijaygoo

Günther Gebauer

Guru Atman

Well

Guts Pie Earshot

HP Baxter

Hannes Ringlstetter

Hans Nieswandt (solo & Whirlpool Productions)

Hans-Peter Lindstrøm

Harald Grosskopf

Hardy and Heroes

Harry Alfter (Brings)

Heiko Maile

Heiner Gulich

Heinz Ratz

Heinz-Rudolf Kunze

Helene Fischer

Helga Brenninger

Helge Schneider

Helmut Hattler

Helmut Josef Geier (Dj Hell)

Helmut Zerlett

Helmuth Rüssmann

Hendrik Bertram

Hendrik Röder (Bell, Book and Candle)

Henning Brandt-Hansen Severud (Telephones)

Henning Sedlmeir

Henning Severud

Henning Verlage (Unheilig)

Henri Bergmann

Henrik Mayer (MYR)

Henry Poetzsch

Herbert Grönemeyer

Mr. DK

Herwig Mitteregger

Hetzel Pascal (CYRK)

Hidden Empire

Hitfield

Hope

Horst Hansen Trio

Horst Wegener

Housefly

Howard Carpendale

Hill

Hundreds

Iben magpie

Iko Andrae

Illegal colors

In Extremo

Ines Gorka

Ines Weber

Inga Lühning

Ingo Bergsen

Ingo Politz

Inca Bause

Intourist

Ira Atari

Ireen Sheer

Isgaard

Isolation Berlin

Ivaylo Kolev

Jacek Brzozowski

Jack Rush

Jacki Reznicek (Silly)

Jakob Encke (vision string quartet)

Jakob Seidensticker

Jamaram

Jan Kerscher (Like Lovers)

Jan Pascal (Cafe del Mundo)

Jan Zehrfeld

Jana Groß (Bell, Book and Candle)

Janika Groß (Molllust)

Jan-Ole Lamberti (Nailed To Obscurity)

Janosch Korell

Jan-Philipp Wiesmann

Jaques Raupé

Jarle Bråthen

Jasmin Adgezalov (unloved)

Jasmina de Boer

Jazzy Gudd

Jean Jacobi

Jeanette Biedermann

Jean-Hervé Peron (Faust)

Jean-Jaques Kravetz

Jelena Kuljić

Jens Ewald

Jens child father

Jens Kosmiky (KrAWAllo)

Jens Loh

Jens Ophälders

Jens Thomas

Jens-Uwe Beyer (popnoname)

JEREMIAS

Jermaine Landsberger

Jey aux platines

Jiggler

Jimi Jules

Jirka Otte

Jo Ambros

Joachim Dyrdahl

Joachim Wolf

Jocelyn B. Smith

Jochen Klüßendorf

Jochen Leistner (The Shadow Lizzards)

Jochen Schmadtke (air)

Joe Fischer

Joe war

Johan Daansen

Johanna Borchert

Johanna Summer

Johannes Cernota

Johannes glorious

Johannes Maikranz

Johannes Oerding

Johannes Stankowski

Johannes Till (Tinted House)

Johannes Tonio Kreusch

Jon Berry

Jon Flemming Olsen

Jon Welch

Jonas Frömming (The Lumpenpack)

Jonny Glut

Joo Kraus

Jörg “Knickiknacki” carpenter

Jörg Seidel

Jörg Warthy Wartmann

Jörg Weißelberg

Joris

Joris Biesmans

Jorita Solf

Jörkk Mechenbier

Joshua Oldenburg

Joss Turnbull

Joy Denalane

Joyosa

Judy and The Gardeners

Julia Engelmann

Julia Kautz

Julia Müller

Julia Neigel

Julian Ortleb

Julian Stetter

Julian Wasserfuhr

Junkx

Jupiter Jones

Jürgen Fastje

Kai Brückner

Kai Havaii (extra wide)

Kai Schumacher

Kai Sichtermann (clay stones shards)

Kai Sonnenhalter

Kai Wingenfelder (Wingenfelder)

Kajetan Löffler

KALEA

Kalle Kalima

Kalle Risan Sandås

Kaman Leung

Kamil Müller (Django 3000)

Kåre Frisvold

Karibuni

Karl Bartos

Karl Brausch

Karl Ivar Refseth

Karmin Amun (sons of Mannheim)

Karolina Trybala

Karoshi

Katharine Mehrling

Kathrin Rettl (Mila Masu)

Katja Moslehner

Merchant

Basement child

Kelvin Jones

Ken Taylor

Kenn Hartwig (CAR)

Kerstin Ott

Ketil Kinden Endresen

Kevin Haselmeier

Kevin Krämer (Justis)

Kiki (Joakim Willich)

Kilian & Jo

Kilian Forster (Klazz Brothers)

Kilian Kemmer

Kiosk ID

Kitsch war

Kjetil Bjøreid Aabø

Klaas

Klaus Bechstein

Klaus Doldinger

Klaus Hoffmann

Klaus Meine (Scorpions)

Klaus Paier

Toilet TV

KMFDM

Knasterbeard

Knut Stenert (Samba, Knut and the bitter woman, Hans Maria Richter)

Kolbjørn Lyslo

Konstantin Wecker

Korbinian Kugler

Kramsky

Kristian Møller Johansen

Kristian Rädle (Âme)

L’aupaire

LaneCryspo

Lari Luke

Lars Christian Olsen

Laura Kipp (LAURA)

Laura Kozlowski

Laura Phillips

Lennard Eggers

Leonard Disselhorst (vision string quartet)

Leslie Mandoki

Liliath

Lilly dangling

Locust fudge

LoFiLu

Love A

Lovra

Luca Musto

Lucas Hunter

Luci van Org (Lucilectric, Meystersinger, Über Mutter, Lucina Soteira)

Lucina Soteira

Luis Baltes (Five Star Deluxe)

Lukas master

Lukas prank

Lukas Wiesemüller

Luke Woodapple

Luky Zappatta

Luna City Express

Lyane Hegemann (E-rotic)

M. Walking On The Water

Macho Cutie (Vegard Wolf Dyvik, Of Norway)

Mad Hatter’s Daughter

Mad Mark

Maenad Veyl

Magdalena Ganter

Magnus Sheehan

Maik Czymara (An Early Cascade)

Maik Pinto

Maike Lindemann

Maite Kelly

Majan

Malou

Mandy Capristo

Manfred Maurenbrecher

Manfred Zick (Zither Manä)

Manne Schlaier

Manuel Schmid

Mara Mutz

Marc Awounou

Marc Reason

Marcapasos

Marcel Thenee

Marco Buser

Marco Duderstadt

Marco Repetto (gray area)

Marco Resmann

Marcus Fischer

Marcus Forsgren

Marcus Green

Marcus Worgull

Marek Arnold

Margit Sarholz

Maria Perzil

Marian Gold (Alphaville)

Marianne Rosenberg

Mario Alsleben (Pimalo)

Mario Aparicio

Mario Noll

Mario Valley

Marion Welch

Marius Engemoen

Marius Sommerfeldt

Marius Våreid

Mark Barrott

Mark Meier

Markus Becker

Markus Hassold

Markus Rennhack (unloved)

Marteria

Martin Becker (carat)

Martin Brugger (Fazer)

Martin de Vries

Martin Gretschmann (Acid Pauli / Console)

Martin Hansmann

Martin Kälberer

Martin Langer

Martin Schrack

Martin Schröder

Martin Solli

Martina Eisenreich

Martina Weith (Östro 430)

Marv Endt

Marvin Müller

Masha Qrella

Mass defect

Mathias Petry

Mathias Roska

Mathias Schober

Matias Monsen

Mats Frantzvaag

Matt Karmil

Matthew Styles-Harris

Matthias Hamburger

Matthias Reim

Máni Orrason

Maurice sums

Mausio

Max Alberti (Jamaram)

Max Buskohl

Max Herre

Max Kaspar

Max Kleinschmidt (Lizot)

Max Lean

Max Martin Schröder

Max Mutzke

Max Paul Maria

Max prose

Max von Mosch

Maximilian Kennel (The Lumpenpack)

Maximilian Raine (VUG)

Maximilian Stadtfeld

Megaloh

Meike Schmitz (Schwarz and Schmitz, LUUM)

Meinhard

Meinhard Jenne

Mercedes Lalakakis (Daily Thompson)

Micha Moor

Michael Cores

Michael Girke (NOW!)

Michael Koschorreck

Michael Lorenz

Michael Mangels (Mijk van Dijk)

Michael Mayer

Michael Melchner

Michael Nass (BAP, Die Seilschaft)

Michael Schab (An Early Cascade)

Michael Uchner

Michelle Sara Lahn

Michi Leuscher

Michl Bloching (Levantino)

Mikimoto

Mikkel Haraldstad

Miland “Mille” Petrozza (Kreator)

mine

Mira

Miriam Arens (Liliath)

Missus Beastly

Miten

Fashion selector

Mona Mur

Monika Ehrhardt Lakomy

Monika Kruse

Monrath

Moonwalk

Moritz Müller

Moritz Reichelt (The Plan)

Morten Øby

Mr. Hurley & The Powder Monkeys

Mulay

Mulo Francel (Quadro Nuevo)

Mushroom People

Nadine thimble

Nadine Maria Schmidt

Naomi Camilla Straume Moen

Natalie Poppinger

Nathalie De Bora

Nathalie Dorra

nautilus

Neon light

Nice Brazil

Nick Curly

Nico Santos

Nico Stojan

Nicole Bolley

Niels Frevert

Nik Thaele

Nikel Pallat (clay stone shards)

Nikita Scion

Niklas Linzer

Niko Schwind

Nils Imhorst (Firasso)

Nils Landgren

Nils von der Gathen (KOJ)

Nils Wogram

Nils Wülker

Norbert Emminger

Norbert Grille Roth

Norbert Staudte (Taming the Shrew)

Olaf Malolepski

Ole Andreas Olafsrud

Ole Feddersen

Ole Martin Vilberg

Ole Rausch (Laith al Deen)

Ole Seelenmeyer

Oli Bott

Oliver Braun

Oliver Dunk

Oliver Hartmann

Oliver Huntemann

Oliver Koletzki

Oliver Lieb

Oliver Rohrbeck

Oliver Black

Oliver Thomas

Oliver West (POINT BLVNK)

Olivia Baer

Olympya

Omer Klein

Ostückenberg

OUR MIRAGE

Out of Berlin

OVE

Øyvind Morken

Pascal Kravetz

Paso Doble

Pat Appleton (De-Phazz)

Patric Catani

Patrick Foellmer (lilabungalow)

Patrick Hespeler

Patrick Kunkel

Patrick Legont

Patrick Milaa

Paul Pötsch (rubble)

Patrick Reerink

Patrick Siegfried Zimmer

Paul Schmitz-Moormann (Kid Paul, Energy 52)

Paul van Dyk

Paul Wetz

Paula Linke

Per Martinsen

Pete Mazell

Peter “Spiko” Spiecker

Peter Brandenburg

Peter Brings

Peter Bursch

Peter Fleming

Peter Hubert (VHF)

Peter light

Peter Maffay

Peter Renaud (Tiktaalik)

Peter Ries

Peter Schmidt (The Blues Experience)

Peter Schneekloth

Peter Schumann

Petra Zieger and band

Philip Lauer (Lauer)

Philipp Fein

Philipp Höcketstaller (Hundling)

Philipp Janzen (Vacation in Poland, Von Spar)

Philipp Schwab (Knorkator)

Philip Stoeckenius (Kaltenkirchen)

Philipp Stauber

Phillip Boa

Pit Baumgartner (De-Phazz)

Pit Budde

Plastic funk

pølaroit

Potsch Potschka

Prince Chaos II. (Alias ​​Florian Kirner)

Prof. Esther Kaiser

Proj3ct 7

PURE

Purple Schulz

Quarterhead

Queenz of Piano

Rainer Max Lingk (ESTA * bien!)

Rainer Oleak

Rainer Scheithauer

Rainer Schober (Scotty Bullock)

Ralf Blümner (Goldkind, Lucilectric)

Ralf Hildenbag

Ralf Hütter (power plant)

Ralf Lübke (Monkeeman)

Ralf Zenker

Ralph Gustke

Ralph Siegel

Rammstein

Ramon Bessel

Ramon Zenker

Rana Merve Kilic

Rampage

Rantan plan

Raoul Walton

Rave Busterz

Re.You (Marius Maier)

Real Ax Band

Rebekka Salomea Ziegler (SALOMEA)

Reiko Gohlke (Knorkator)

Reinhold Heil

René Kollo

Richie Arndt

Richie Necker

Ritchie Barton (Silly)

Ritchy Fondermann

Robbie shoulder

Robby Kranz (Disillusion, Far Or Near)

Robert Gemmel (Elephants on Tape)

Robert Lippok

Robert Seidel (Arpen)

Robin Craaford

Robin Schulz

Rocco

Rock house

Rocko Schamoni

Roedelius

Roland Fidezius

Roland Kaiser

Roland nephew

Roman Wasserfuhr

Ron Last

Ronny

Rosa Hoelger

Snot-nose theater

Roy Stroebel (Strobe, Ravers Nature, RAT)

Rüdiger Badlauf

Rudolf Moser (Einstürzende Neubauten)

Rudolf Schenker (Scorpions)

Rumble Militia

Rummel racke

Lindbæk rune

Sabine Kaufmann

Sahraoui Sami (CYRK)

Sain (Ningu Storm)

Sam Shure

Sam Vance-Law

Sammy Kandler (Tillmann)

Samuel Dickmeis (Manni)

Sander Stuart (vision string quartet)

Sandra Grether (Doctorella)

Santiano

Saprize

Sarah Lesch

Sarah Stewart

Sarah Wild

Sascha Panknin

Schiller

Tow spirit

Schneider TM

Scrap border

Scooter

Seb Iphone

Sebastian Dold (KrAWAllo)

Sebastian Gramss

Sebastian Hackel

Sebastian Schütze (TinTin, Baru)

Sebastian Siebhoff

Sebastian Starke

Seed cake

At that time

Selda Zenker

Sepalot

Sera finale

Shelter boy

She-Male Trouble

SHIRLEY HOLMES

Shuko

Sibylle Kynast

Sidewalk surfers

Silvio Schneider

Simon Beeston

Simon Freidhöfer

Simon Sure

Simon von der Gathen (KOJ)

Simon Wangeman (Iheartsharks, The New)

are

SINE

Sirrah

Sisters on the Rocks

Siyou Isabelle Ngnoubamdjum

Skadi Lange (Miss Lange)

Skip Reinhardts

Sleeping drones

SLIME

Sneaker

Snuff crew

Sonja Banzhaf

Sonja Huber (Lottchen)

Sönke Düwer (Ensemble du Verre)

Sophie Black

Sören Fischer

Sotiria

Space Indians

Sparifankal

SPLIFF

Stefan Brügesch (Steve Bug)

Stefan Dabruck

Stefan Glaubitz

Stefan Grimm

Stefan Gwildis

Stefan Kleinkrieg (extra wide)

Stefan Krähe

Stefan Mross

Stefan Schmidt

Stefan Stoppok

Stefanie Polster

Steffen Berkhahn (Dixon)

Steffen Kämbt

Steffi Stephan

Sten Servaes (clover)

Stephan Eppinger

Stephan Gorol

Stephan Graf’s double vision

Stephan Philipp

Stephan Voland (Samavayo)

Stephanie Lottermoser

Steve Murano

Steve Parry

Steve van Velvet

Stump (knorkator)

Super chock distortion

Susanne Betancor

Susanne Folk

Suzi Kerstgens (Klee)

Sven Faller

Sven Greiner

Sven Pollkötter

Sven Roswog (svensyntetics)

SvenDeeKay

Sven-RG

T.Noize

Tamara Lukasheva

Tanja Grandmontagne

Taraka Rama Krishna Kanth Kannuri

Tarjei Nygård

Telmo Pires

Teresa Bergman

Terje Olsen (Todd Terje)

Terror group

The Dad Horse Experience

The Day

The Dry Tortugas

The esprits

The Munich Sheiks

THE OKLAHOMA KID

The pighounds

The Romeos

The Roughnecks

The Wayf

Theodor Shitstorm

Theodor Strom

Thomas Barth (Sunbase Records TBC)

Thomas Fehlmann

Thomas Gallatin

Thomas Klein (Sølyst)

Thomas Moen Hermansen (Prins Thomas)

Thomas Plug

Thomas Porwol (Arte Gemini)

Thomas Sauerborn

Thomas Schumacher

Thomas Thumann (Pam Pam Ida & the Silberfischorchester)

Thomas Wydler (Nick Cave, The Skin)

Thomasz Skulski

Thorsten Klentze

Thorsten Wingenfelder (Wingenfelder)

Tibetréa

Till Brönner

Tilo Weber & Four Fauns

Tim bendzko

Tim Hahn

Tim Kamrad

Tim Rodig

Timofey Sattarov

Tingvall Trio

To Rococo red

Tobi Neumann

Tobias Forster

Tobias Öller

Tobias Sammet (Avantasia)

Tobias Schwall

Toby Pluta

TOKA

Tokio Hotel

Tom Astor

Tom Dragebo

Tom Gatza

Tom Kiemle (Tillmann)

Tom Peters

Tomas tulip

Tommy Finke

Tommy Hresh

Tommy Remm (Valicon)

Toni Krahl (City)

Torben Möller-Meissner

Torsten de Winkel

Torsten Reitler (REITLER)

Township rebellion

Trettmann

Triinu Kivilaan (Vanilla Ninja)

Triskilian

Truck stop

Truls Kvam

Udo Erdenreich (ZIGURI)

Udo Lindenberg

Ulf Annel

Ulf Kleiner

Uli Poeppelbaum

Ulla Meinecke

Ulrike Hagemann

Uncanny Valley

Upercent (Jose Molés Martínez)

Ute Freudenberger

Uwe Bastiansen

Uwe Fischer

Uwe Hassbecker (Silly)

Uwe Schmidt (ATM)

Valentine

Valentin Butt

Van der Karsten

vandermeer

Vecente Patiz

VENUES

Vera climate

Veronika Faber

Veronika Gast (spring carnations)

Verse gold

Vincent Groß

VITJA

Vladyslav Sendecki

Volker Holly Schlott

Volker Rechin

Volker Rosin

Volkwin Müller

voXXclub

VUG

Madness

brown owl

Wallis Bird

Walter Lang

Wareika

Werner Meier

Werner Schmidbauer

West Lake

Willy Wagner

Wincent Weiss

Wolf Maahn

Wolfgang Loos

Wolfgang Niedecken (BAP)

Wolfgang Petry

Wolfgang Schmid

Wolfram Spyra (The Spyra)

What We Are Looking For

Wooden Peak

Wrong chat

Wrong haircut

Wuide Wachl

Xao Seffcheque (Family Five)

Yetti Meissner

Yoyo Röhm

Zavet

ZK

Zoe Wees

Zwakkelmann