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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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[–] Nighed@sffa.community 12 points 11 months ago* (last edited 11 months ago) (2 children)

This is why I thought some of their recent actions that hurt the lowest played artists was strange, you want to encourage artists to NOT use the big publishers to help break their triopoly.

I think the most recent changes are fine in practice, but the optics are not great which probably matters a lot.

[–] 4realz@lemmy.world 5 points 11 months ago

Exactly, Spotify is stuck between pleasing artists and the big publishers.

[–] GenEcon@lemm.ee 0 points 11 months ago (1 children)

Even the smallest artists are making more than 1000 streams yearly. The only ones they are hurting are AI generated songs.

[–] Nighed@sffa.community 1 points 11 months ago* (last edited 11 months ago)

FYI it's 1000 per track per year, not per artist.

I agree though, I went through my instrumental playlist which has loads of indi stuff and the smallest I found had 10,000 plays

Edit - looks like I got a notification for this 4 days late....