IRVING HAS AN ISSUE WITH LYOR’S MATH

In a tweet Saturday, Irving Azoff called into question Lyor Cohen’s claims in a recent Bloomberg article that YouTube provides a musical path to wealth. Cohen says he has a sales pitch for artists, managers and label bosses: “We’re going to make you rich and famous.” Irving isn’t buying it, turning attention to Jordan Bromley’s chart on the ins and outs of streaming revenue.

Lyor,
FICTION: You didn’t get rich from $.001 per stream. https://t.co/Ps8XsBJde7

FACT: The fair rate is paid by Apple and Spotify. Just ask Jordan: https://t.co/jaUv99Dt43

— Irving Azoff (@irvingazoff) January 5, 2018