YouTube monetized and placed ads all over this duet cover video of 'Say Something', which my girlfriend and I spent many hours performing, mixing, and editing. YouTube takes ALL revenue, to split with the publisher.
The original artists get very little, if any, of this profit, whilst my girlfriend and I merely get "free" hosting space, whilst being used to fill someone elses's pockets, with our unique take on the song.
Steemit makes the potential for artists to connect directly to those who enjoy their work, cutting out avarice-ridden middlemen, who charge exorbitant amounts for very minimal marketing (they have built networks for easy marketing, and MONOPOLIZED them, often times)
As a musician, Steemit has huge potential. I can't wait to watch this platform evolve and revolutionize the music industry, as hoarders of other talent's deserved revenue- for their passion, performance, ability to connect and INSPIRE those around them into achieving for things just past their grasp.
You just wait until Christina Aguilera realizes she, and her trusted team, can upload steaight to Steemit for like. I bet she'll make WAY more money than going to a publisher and begging for shelf space and fairer contracts.
You just wait.