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Comment on 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.

Jay@sh.itjust.works ⁨11⁩ ⁨months⁩ ago

I believe Spotify is largely responsible for its own financial struggles. Knowing that 2/3 of their revenue goes to the greedy labels, they should consider scaling back on operational costs and excessive investments in advertising and celebrity podcast deals.

In a way, it serves them right. Spotify plays a significant role in transforming music into a product akin to fast food, prioritizing mass consumption over artistic value. This approach not only impacts their profitability but also contributes to a broader devaluation of music as an art form.

So fuck Spotify.

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phillaholic@lemm.ee ⁨11⁩ ⁨months⁩ ago

Spotify plays a significant role in transforming music into a product akin to fast food, prioritizing mass consumption over artistic value.

Have you never heard of Top 40 before?

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- Jay@sh.itjust.works ⁨11⁩ ⁨months⁩ ago
  Absolutely, I’m aware of the Top 40, but my point is about how services like Spotify are amplifying the dominance of this type of quickly digestible music. While the Top 40 has always reflected popular tastes, Spotify intensifies the focus on ephemeral hits rather than promoting a diverse range of music and independent artists. Additionally, the technology behind Spotify, where artists or labels aren’t compensated if a track is skipped within the first 30 seconds, further influences this trend. It shapes not only what we listen to but also how we value music.
  
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