this post was submitted on 17 Dec 2023
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Spotify 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)
submitted 11 months ago by 4realz@lemmy.world to c/technology@lemmy.world
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[–] thesporkeffect@lemmy.world 9 points 11 months ago (1 children)

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

[–] Deceptichum@kbin.social 8 points 11 months ago (1 children)

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.

[–] echo64@lemmy.world 2 points 11 months ago

Indies are on spotify, and spotify pays them badly, too.