4realz@lemmy.world to Technology@lemmy.worldEnglish · 11 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-square212fedilinkarrow-up1579arrow-down165
arrow-up1514arrow-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 · 11 months agomessage-square212fedilink
minus-squareabhibeckert@lemmy.worldlinkfedilinkEnglisharrow-up5·edit-211 months agoArtists aren’t forced to sign a contract with a label. They do it because they want to. They do it because the label will often invest a million dollars in the artist upfront before the songs are even available for the public to stream. Good recording studios are expensive to hire. And if you want a video track to go with it… those are even worse.
Artists aren’t forced to sign a contract with a label. They do it because they want to.
They do it because the label will often invest a million dollars in the artist upfront before the songs are even available for the public to stream.
Good recording studios are expensive to hire. And if you want a video track to go with it… those are even worse.