@4realz to TechnologyEnglish • 10 months agoSpotify doesn't make profit from music streaming, despite having over 400M monthly active users, because it pays two-thirds of all its revenue to the rights holders.open.substack.comexternal-linkmessage-square233arrow-up1625arrow-down169cross-posted to: business
arrow-up1556arrow-down1external-linkSpotify doesn't make profit from music streaming, despite having over 400M monthly active users, because it pays two-thirds of all its revenue to the rights holders.open.substack.com@4realz to TechnologyEnglish • 10 months agomessage-square233cross-posted to: business
minus-square@thesporkeffectlinkEnglish8•10 months agoTo determine if this company is actually a poor widdle guy or just trying to look like their hands are tied with respect to paying artists, look up how much Daniel Ek is worth, and then look up what he does with his money
minus-squareDeceptichumlinkfedilink8•10 months agoYou do know even without Spotify artists would be getting paid the same amount by their label? Spotify splits 70/30, that 70% goes to the rights holder. So why aren’t the artists seeing it? It used to be artists didn’t make money on albums annd only from merch at tours, nothing has really changed in the music industry.
minus-square@echo64linkEnglish2•10 months agoIndies are on spotify, and spotify pays them badly, too.
To determine if this company is actually a poor widdle guy or just trying to look like their hands are tied with respect to paying artists, look up how much Daniel Ek is worth, and then look up what he does with his money
You do know even without Spotify artists would be getting paid the same amount by their label?
Spotify splits 70/30, that 70% goes to the rights holder. So why aren’t the artists seeing it?
It used to be artists didn’t make money on albums annd only from merch at tours, nothing has really changed in the music industry.
Indies are on spotify, and spotify pays them badly, too.