Comment on Spotify axes 17% of workforce in third round of layoffs this year
Gamers_Mate@kbin.social 6 months agoI think Wrapped is like youtube rewind for spotify.They are talking about how the layoffs happened just after they finished working on that?
It doesn’t seem to me like Wrapped requires a terribly large amount of development work every year. There’s a new design each year, but they probably just reuse all the SQL queries with the year swapped out. After the first year, it probably only requires bugfixing and regular maintenance. I bet a few devs keep an eye on it as part of their other duties.
Unlike YouTube Rewind, which requires a writing team, a production crew, talent, and music, on top of the analytics.
This is how I understood the comment:
Wrapped gets Spotify a lot of positive buzz. Layoffs while that buzz happens may get less notice, because people are on the “look at all the neat Spotify numbers” train and essentially advertising good vibes for the platform.
Ah! You may be right. That would make a lot of sense.
Spotify made this quarter the first time a profit since it existence. So if you think artists aren’t paid enough, its either of these three:
We pay too little for consuming music.
The record labels take a too big share.
Spotify is really inefficient and could pay out more if they work more efficiently.
The only thing not possible is Spotify taking all the profit since they don’t make any.
Very true. There’s another possibility, though: That pay for certain employees (ie executives) is too high. It may not be included in 3, if the pay is normal. However, that “normal” may be considered immoral, and/or straight market failure,
Someone said Spotify reported 54 million in profit. For being the largest music streaming provider that is basically nothing. I suspect that they mirror the rest of the world, in that there’s enough money, but they decide to give the vast majority to people who are already rich, like Joe Rogan or Taylor Swift.
1rre@discuss.tchncs.de 6 months ago
Spotify take a standard cut?
It’s record labels that are scamming small artists, and frankly spotify offer a better chance for them to go independent than having to rely on connections to get radio play so someone will buy their music
CustodialTeapot@lemmy.world 6 months ago
Wohh there, that’s a lot of claims with 0 proof.
Can yo source any of that?
1rre@discuss.tchncs.de 6 months ago
dittomusic.com/…/how-much-does-spotify-pay-per-st…
They charge 30%
Which is what Apple charges (and Spotify complain), and what Steam charges, and what GoG charges, and what Epic charges, and what Google Play charge, and what the company I work for charges
For a digital media marketplace, 30% has been settled on for the industry standard whether it’s reasonable or not.
CustodialTeapot@lemmy.world 6 months ago
Okay? And physical stores don’t? This isn’t news and doesn’t address your claim whatsoever? It doesn’t compare spotify vs indi labels.
Discoverability, publishing, advertising, gigs etc.
Thassodar@lemm.ee 6 months ago
30 percent of what? How much is each stream making? You know why I ask? Because I have been independently releasing music for almost 4 years and have made $26. On top of that I’ve surpassed 1000 streams, so what is the 30% exactly?
The kicker: that $26 is not only Spotify, it’s Apple Music, Deezer, and dozens others, combined.
raptir@lemdro.id 6 months ago
You can’t just put your music on Spotify unfortunately. Google Play Music had the option to pay a small one-time fee to get your music up there, but they did away with that when they moved to YouTube Music.
If you’re unsigned you need to go through a service like TuneCore to get your music on any of the streaming services.