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 4realz@lemmy.world to c/technology@lemmy.world
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[–] abhibeckert@lemmy.world 5 points 10 months ago* (last edited 10 months ago)

Artists aren't forced to sign a contract with a label. They do it because they want to.

They do it because the label will often invest a million dollars in the artist upfront before the songs are even available for the public to stream.

Good recording studios are expensive to hire. And if you want a video track to go with it... those are even worse.