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 1 year ago by 4realz@lemmy.world to c/technology@lemmy.world
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[–] Darkhoof@lemmy.world 98 points 1 year 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 1 year ago* (last edited 1 year ago)

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

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

What about independent artists?

[–] Blackmist@feddit.uk 4 points 1 year 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.