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 10 months ago by [email protected] to c/[email protected]
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[โ€“] [email protected] 6 points 10 months ago (1 children)

You live in the opposite world of all of us. Or are just very confidently incorrect...

Before Spotify and the like the only artists that could make any money were hand selected by the record labels. Virtually all profits artists made were from merch sold at live shows, because the record labels took all the profits otherwise.

Now, artists that are independent can make money and get listeners much more easily. This is directly thanks to Spotify and the like. However the record labels are still the ones stealing most of the profits for artists they sign and record.

It is ONLY better for the artists now, despite it still sucking. You are blaming the improvement not the problem.

[โ€“] [email protected] -1 points 10 months ago

Now, artists that are independent can make money and get listeners much more easily. This is directly thanks to Spotify and the like

You need to speak to an independent artist sometime about how they make money so easily thanks to spotify. (Spoiler, they don't. At all. And they can't sell physical anymore because of spotify)