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-square221fedilinkarrow-up1619arrow-down168
arrow-up1551arrow-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-square221fedilink
minus-squareDarkhoof@lemmy.worldlinkfedilinkEnglisharrow-up106arrow-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-squaresmall44@lemmy.worldlinkfedilinkEnglisharrow-up15arrow-down3·9 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.
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.