4realz@lemmy.world to Technology@lemmy.worldEnglish · 8 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-square58fedilinkarrow-up1144arrow-down123
arrow-up1121arrow-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.com4realz@lemmy.world to Technology@lemmy.worldEnglish · 8 months agomessage-square58fedilink
minus-squarethesporkeffect@lemmy.worldlinkfedilinkEnglisharrow-up5·8 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-squareDeceptichum@kbin.sociallinkfedilinkarrow-up2·8 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.
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.