4realz@lemmy.world to Technology@lemmy.worldEnglish · 9 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-square213fedilinkarrow-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 · 9 months agomessage-square213fedilink
minus-squareDarkhoof@lemmy.worldlinkfedilinkEnglisharrow-up102arrow-down4·9 months agoThe rights holders are the record labels. As much as artists want to complain about Spotify they should direct their criticism to their record labels.
minus-squareCorgana@startrek.websitelinkfedilinkEnglisharrow-up24arrow-down5·edit-29 months agoSpotify is far from powerless in this arrangement too. Nobody is forcing them to be in this business.
minus-squaresmall44@lemmy.worldlinkfedilinkEnglisharrow-up15arrow-down2·9 months agoWhat about independent artists?
minus-squareBlackmist@feddit.uklinkfedilinkEnglisharrow-up6arrow-down2·9 months agoIf they were getting as many listens as Taylor Swift, I’m sure they’d be making bank. But they’re not. A listen ain’t worth a lot and never has been.
The rights holders are the record labels. As much as artists want to complain about Spotify they should direct their criticism to their record labels.
Spotify is far from powerless in this arrangement too. Nobody is forcing them to be in this business.
What about independent artists?
If they were getting as many listens as Taylor Swift, I’m sure they’d be making bank. But they’re not. A listen ain’t worth a lot and never has been.