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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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[–] donuts@kbin.social 158 points 10 months ago (5 children)

I call bullshit. Yeah I'm sure they spend 2/3 of their income on rights holders, mainly Joe Rogan, Ed Sheeran and Taylor Swift.

The average musician isn't making shit, and yet the spotify execs are sipping champagne.

[–] Darkhoof@lemmy.world 98 points 10 months ago (2 children)

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.

[–] Corgana@startrek.website 19 points 10 months ago* (last edited 10 months ago)

Spotify is far from powerless in this arrangement too. Nobody is forcing them to be in this business.

[–] small44@lemmy.world 13 points 10 months ago (1 children)

What about independent artists?

[–] Blackmist@feddit.uk 4 points 10 months ago

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.

[–] StinkyRedMan@lemmy.world 35 points 10 months ago

You know they don't pay the artist directly? Like with physical the ones taking the biggest share are the labels... Also the average musician isn't making shit cause compared to a very few bigger artists they represent an extremely low percentage of the overall streams on the platform.

[–] giggling_engine@lemmy.world 34 points 10 months ago

"not making profits"

Just massive salaries and equity

[–] rab@lemmy.ca 4 points 10 months ago

Average musician probably makes more than you think https://youtu.be/qjb-pJIfQXI?si=Zbi54GvD3NqomIrv