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.

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abhibeckert@lemmy.world ⁨6⁩ ⁨months⁩ ago

Artists aren’t forced to sign a contract with a label. They do it because they want to.

They do it because the label will often invest a million dollars in the artist upfront before the songs are even available for the public to stream.

Good recording studios are expensive to hire. And if you want a video track to go with it… those are really expensive.

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