@4realz to TechnologyEnglish • 6 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 • 6 months agomessage-square233cross-posted to: business
minus-squarerigattilinkEnglish3•6 months agoBasically they fund artists to record and then handle things like promotion.
minus-square@MangolinkEnglish1•6 months agoYo. I can be a record label. Come hang out in my apartment while I pay the bills and BAM! I get all the royalties! Sounds like stealing with extra steps. Actually it sounds like just being rewarded for having money to begin with.
minus-square@[email protected]linkfedilinkEnglish2•6 months ago Actually it sounds like just being rewarded for having money to begin with. That’s most of the economy.
minus-square@MangolinkEnglish1•6 months agoIf I can personally promote a subreddit to 8.5 million subscribers with no talent of my own, anyone who can make decent music can handle their own shit.
minus-squarerigattilinkEnglish3•6 months agoYes, promoting a subreddit and promoting yourself as an artist are the same thing.
Basically they fund artists to record and then handle things like promotion.
Yo. I can be a record label. Come hang out in my apartment while I pay the bills and BAM! I get all the royalties!
Sounds like stealing with extra steps. Actually it sounds like just being rewarded for having money to begin with.
That’s most of the economy.
If I can personally promote a subreddit to 8.5 million subscribers with no talent of my own, anyone who can make decent music can handle their own shit.
Yes, promoting a subreddit and promoting yourself as an artist are the same thing.
I didn’t even have to sing.