Comment on Spotify to axe 1,500 workers to save costs
nixcamic@lemmy.world 1 year ago
Didn’t they also slash how much they pay artists? What exactly is the point of Spotify?
The change exclude payouts that are under 1 cent or something like that. The news got hijacked by click and rage baiters like this title by the Guardian (which I won’t link):
Spotify made £56m profit, but has decided not to pay smaller artists
The smaller artists would literally get single digit cents! The Spotify hate is getting astroturfed hard it almost seems.
You say that like it’s a defense though.
Yeah they’re paying the people who make the product we sell so little that they don’t even get enough money in a paycheck to have it be worth sending them a paycheck!!
Should spotify offer more money for less views? Maybe. But 1000 views being a threshold (and only valued at a few pennies with their current model) sounds to me like the paper they write the check on, cost more than the person may make.
No, they spun it that way by deceptively going on a rant about how many “songs get fewer than 1000 plays ever” and doing the math based on that in the “article,” but that’s not what the change actually was. If you read the details of the change below that, it is that they will no longer pay out at all for songs that get fewer than 1000 unique listeners per year.
You still aren’t talking a ton of money, but if each of 999 listeners streamed a song once per month, the artist could be losing close to $40 per song per year.
Playbacks, not listeners. It’s not a high threshold and listeners would be a weird metric in the first place. Playbacks doesn’t exclude niche content consumed often by fewer people and shows overall popularity.
Profit
Not really, they set a “minimum threshold” of unique annual listeners to get a payout. If a song has at least 1000 unique listeners per year it gets the same payout it did before. If it gets 999 it gets zero.
cosmicrookie@lemmy.world 1 year ago
The point is to make as much profit as possible without losing too many subscribers. This includes cutting expenses both internally and externally
Contend6248@feddit.de 1 year ago
Wow essentially like any other company
cosmicrookie@lemmy.world 1 year ago
It’s not like they’re firing 1500 to survive
Contend6248@feddit.de 1 year ago
No it’s min-maxing